- This is because the money owed to the power generator has been indicated to adversely affect its ability to operate effectively and deliver on its mandate.
- Klutse stressed that indebtedness will not go out entirely at any point but will continue as long as production, sale and repayment by the buyer continues.
Following the reports, the Electricity Company of Ghana (ECG) owes Bui Power Authority (BPA) $386 million as of December 31, 2019, which increased to $614, 373,274.36 by the end of 2022. The has been advised to expedite its rate of recovering the debt owed by ECG. This is because the money owed to the power generator has been indicated to adversely affect its ability to operate effectively and deliver on its mandate.
The Chairman of the Public Accounts Committee (PAC) of Parliament, Dr James Klutse Avedzi, gave the advice when the Ministry of Energy and its agencies took their turn before the committee to answer queries raised by the Auditor General for the year 2022.
Klutse stressed that indebtedness will not go out entirely at any point in time but will continue as long as production, sale and repayment by the buyer continues, there will be debts. However, the rate at which the debt is recovered is most important.