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    GhanaWeb: No Way Out of Energy Crisis Until $1bn Financial Crisis Solved

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Summary

Executive Director of the Africa Centre for Energy Policy Dr. Mohammed Amin Adam says Ghana's energy problems will persist until it pays $1 bn worth of debts

by: Erica Mills

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Press Notes, Africa

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GhanaWeb: No Way Out of Energy Crisis Until $1bn Financial Crisis Solved

Ghana’s energy crisis is overshadowed by a much bigger financial crisis that will keep the country in persistent darkness until more than $1bn debt albatross is removed.

Giving a breakdown of the debt, the Executive Director of the Africa Centre for Energy Policy (ACEP), Dr. Mohammed Amin Adam, revealed that government owes the Electricity Company of Ghana $500million while ECG owes the Volta River Authority (VRA) more than ?1bn.

In turn, VRA owes N-Gas of Nigeria $170million while Sunon Asogli owes VRA more than $100 million.

Read the full article HERE.

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