Audio By Carbonatix
The Ghana Gas Company has confirmed that Sinopec has threatened to abandon the gas infrastructure project if government continues to fail in honouring its financial commitments on the project.
Sinopec is the Chinese petrochemical company constructing the 700-million dollar gas project which started in 2011 in the Western Region. The project was expected to be completed last year.
The project is only about 60 percent complete so far, largely due to financial constraints.
The Chief Executive of Ghana Gas Company, Dr George Sipa Yankey, told Joy Business the Company has been continuously pleading with SINOPEC not to stop work.
He said government has sent a team to China to discuss the issue with the China Development Bank (CDB), who are financing the project.
The project when completed will provide gas for power generation as well as domestic purposes.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Egg-citing deals as The Multimedia Group’s X’mas Egg Market sells out on Day 1, returns tomorrow
11 minutes -
NPP Primaries: Electoral Area Coordinators in Yunyoo, Chereponi and Saboba declare support for Bawumia
36 minutes -
Revocation of L.I. 2462 step in the right direction – Lands Ministry Spokesperson
1 hour -
Afeku urges creation of world-class hospitality training school in Volta Region
2 hours -
Ghana’s unemployment rate eases slightly to 13.0% in 2025 third quarter
2 hours -
Climate change forcing migration as Farm Radio engages stakeholders on solutions
2 hours -
Financial knowledge secures the future – NIB to Police Ladies
2 hours -
Afeku calls for major tourism investment in Volta Region to drive jobs and growth
2 hours -
BoG to engage more agencies to clamp down on unlicensed financial institutions
2 hours -
US-based Ghanaian Lawyers, Embassy explore ‘Law Day’ to improve legal education among Ghanaians
2 hours -
Tourism overlooked despite its power to transform economy – Catherine Afeku
2 hours -
Standards compliance in Ghana still a work in progress – GSA official
2 hours -
Fentuo, Tariq Lamptey Foundation donate jerseys to Tarsor Basic School
2 hours -
Go beyond profit: Business must empower people – Margins ID Group CEO urges youth
2 hours -
One of the most critical things now is how to manage Ghana’s debt – Joyce Bawah
2 hours
