The Ghana Gas Senior Staff Association (GGSSA) has expressed concerns about the overdue debt owed to Ghana Gas by the Electricity Company of Ghana (ECG).
The association has urged the government to take immediate action to settle the outstanding payment, emphasizing that the delay poses a significant threat to the stability and operations of Ghana Gas, a crucial component of the nation’s energy sector.
The GGSSA highlighted the importance of immediate debt settlement and adherence to International Monetary Fund (IMF) conditionalities to ensure the sustainability of key players in the energy sector.
“In recent times, a concerning trend has emerged within Ghana’s Energy Sector is the non-payment by the ECG to various State-Owned Enterprises (SOEs), with the Ghana National Gas Company (Ghana Gas) standing out as a critical victim of this financial neglect. This issue not only raises questions about financial prudence but also poses a significant threat to the stability and operations of Ghana Gas, a cornerstone of the nation’s Energy Sector.”
“The GGSSA is calling for the immediate payment due to Ghana Gas, this is a pressing issue that demands immediate attention. Adherence to IMF conditionality and presidential directives is crucial for maintaining financial stability and ensuring the seamless functioning of critical entities within the energy sector.”
“We call for prudent actions to reinstate the Cash Water Fall Mechanism and payment of all outstanding invoices due Ghana Gas to give reliable gas supply to prevent power crisis (dumsor) on innocent Ghanaians & the country at Large,” it added.
