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    GhanaWeb: VRA Looks to Banks to Pay Off Gas Debt

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Summary

Ghana's Volta River Authority says it is in discussions with various banks to borrow the money it needs to pay off its gas debts to Nigeria's N-Gas and WAPCo

by: Erica Mills

Posted in:

Press Notes, Africa

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GhanaWeb: VRA Looks to Banks to Pay Off Gas Debt

The Volta River Authority (VRA) says it is putting together a consortium of banks in the country to help it to settle its indebtedness of about US$182million to Nigerian gas suppliers – N-Gas and the West African Gas Pipeline Company (WAPCo).

While in a frantic search for a means to pay off the outstanding debt, the power generator says it is now paying its monthly bills, and is trying to close off the piling up of more debt.

Read the full article HERE.

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