Dumsor Debt Ghana 'Owes Nigeria Gas $120m'

The Volta River Authority (VRA) owes Nigeria Gas approximately $120 million which has led to the shortage of gas supply to Ghana.

  • Published:
George Sipa-Yankey, Chief Executive Officer of Ghana Gas Company play

George Sipa-Yankey, Chief Executive Officer of Ghana Gas Company

24/7 Live - Subscribe to the Pulse Newsletter!

High-placed sources say the debt is as a result of the power-producing company’s inability to pay off six months of gas supplied.

But it is not the reason for the erratic supply of gas from Nigeria, our sources assert.

This comes a day after Former Deputy Governor of the Central Bank and Economist Dr Mahamudu Bawumia stated that VRA owes Nigeria Gas $100 million, a reason for “the untold story” of the erratic supply of gas.

“Nigeria Gas is, therefore, dragging its feet with regards to the supply of gas while this amount is unpaid,” Dr Bawumia stated during his lecture as Visiting Professor of Economic Governance at the Central University College on Tuesday, March 24.

“Ultimately, the dumsor problem is more of a financial problem than a technical one,” he suggested.

TV3 has gathered that Nigeria is considering cutting supply of gas to VRA after honouring a breach-of-agreement compensation by paying $10 million to Ghana for erratic supply.

According to VRA, the Electricity Company of Ghana (ECG) owes it GH¢1.2 billion, without which it cannot settle the debt to Nigeria Gas.

Source: TV3network

Recommended Articles

Recommended Videos





Top Articles

1 Ashanti Region Kumasi High Court judge burgled; sensitive documents stolenbullet
2 Sad News Two women killed after wall collapsed on thembullet
3 Nuclear Energy Ghana ready to follow strict rules - Atomic Energybullet
4 Salary raise Gov't increases monthly allowance of chiefs to...bullet
5 Confession This is the real story behind Atta Ayi's arrestbullet
6 NCA Fraud Saga NCA scandal is the ‘highest form of stupidity’...bullet
7 Love Gone Sour Woman sets boyfriend's house ablazebullet
8 NPP Government I am proud of my wife's KATH initiative -...bullet
9 Illegal Mining Galamsey fight improving water production...bullet
10 Ramadan Nana Addo tells fasting Muslims to pray for Ghanabullet

Top Videos

1 Meet "The Beast" President Obama's Cadillac that's more tank than carbullet
2 TRAGEDY Fire guts Coconut Grove Hotelbullet
3 AMERI Power Plant AMERI lacks expertise in power projects – Philip...bullet
4 Video Edward Gyampana is the teenage design genius who needs your helpbullet
5 Ghana@60 Agya Koo embarrassed Ghana at Independence Day - Asiedu...bullet
6 Woyome Judgement Debt Kweku Baako dances over Amidu's winbullet
7 Watch Stop taking collection in churches -TB Joshua to Pastorsbullet
8 Kwame Nkrumah Interchange Water leaks from hole in wall at...bullet
9 Prophecy I predicted Kintampo accident - Prophetbullet
10 Health Alert Fufu is killing Africans - Mensah Otabilbullet

News