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Finance Ministry is now a propaganda office, we're yet to receive the $30M payment - Sunon Asogli
Accra, Ghana - Nov 4, 2024 - Sunon Asogli Power Ghana Limited, an Independent Power Producer says they are yet to receive the promised $30 million payment from the Ministry of Finance despite government assurances.
This development comes after the company shut down its 560MW power plant due to an outstanding debt of $259 million owed by the Electricity Company of Ghana (ECG).
According to Dr. Elikplim Apetorgbor, Business Development Manager at Sunon Asogli Power Ghana Limited, the Controller and Accountant General's Department (CAGD) notified the company of the authorized payment in early October.
However, the payment has been delayed due to alleged "challenges" in processing the funds.
Dr. Apetorgbor expressed frustration over the government's failure to honor its commitments.
“It was in the week of salary payments and they have to split this payment into five or six tranches. We are in November, and not even one tranche has been received but the assurance was that they will try and pay one tranche in their week of salary payment and the rest will come before the end of October. Here we are, not even one of the tranches has been paid,'' he stated.
“It is unfortunate the Ministry of Finance has been reduced to an official propaganda office. It is such a sensitive office to be used for that. I will advise that whatever information the Finance Minister provides or shares with the public, kindly double check to ensure that you are dealing with the right information,” he added.
Ghana's Energy Sector Crisis
The energy sector's persistent debt issues have affected several Independent Power Producers (IPPs), threatening the country's energy stability. Stakeholders are calling for:
- Greater transparency in payment processes
- Timely payments to IPPs
- Sustainable solutions to address the sector's debt crisis
Key Facts:
- Outstanding debt: $259 million owed by ECG to Sunon Asogli Power Ghana Limited
- Promised payment: $30 million authorized by Ministry of Finance
- Payment status: Not received by Sunon Asogli Power Ghana Limited
- Impact: 560MW power plant shutdown, affecting national energy supply
Source: Lead News Online
