Concern over the roughly $600 million debt owed by Ghana’s Electricity Company to the Bui Power Authority has been voiced by the Public Accounts Committee (PAC) of Parliament.
According to the Auditor General’s Report, the Electricity Company of Ghana (ECG) did not follow its monthly payment schedule, which contributed to the outstanding debt as of December 31, 2022.
Meanwhile, at PAC’s Public hearing, Mr Kofi Dzamesi, the Chief Executive Officer, Bui Power Authority, said efforts were being made to recover the money.
“I think that what the auditors say is very true, and we are taking steps to ensure that ECG pays us. But it’s becoming very difficult,” he said.
Mr Dzamesi told the Committee that he was happy with how Dr Matthew Opoku Prempeh, the Minister of Energy, asked the Ministry of Finance to go to the Ministry’s aid when the need arose.
“So, we will continue this negotiation and with the support of our minister, I think we will be able to handle this matter. But it’s a problem,” he said.
Members of PAC, therefore, recommended to the Finance Ministry to ensure that ECG settled its debt to Bui and the Volta River Authority.