Net debt owed banks and fuel suppliers alone under the energy sector debt hit 1.2 billion cedis at the end of 2016.
According to documents cited by Citi Business News as at 31st December, 2016 Government’s net debt in the Energy sector was 2.3 billion dollars.
A breakdown of the debt shows that the banks are owed 782 million dollars, while fuel suppliers are owed 440 million dollars.
The 782 million is debt owed the banks by state owned power producer Volta River Authority (VRA).
VRA also contributed 278 million dollars to the 440 million dollars owed fuel suppliers, while TOR contributed 162 million dollars.
Other entities owed include GRIDCo, NEDCo, Asogli, CENIT, Bui, Ghana Gas, BOST, GNPC and other power producers.
The infograph below explains further.
By: Vivian Kai Lokko/citibusinessnews.com/Ghana
Published on 24 March 2017 | 6:00 am at Source