Audio By Carbonatix
The Ranking Member on Parliament's Mines and Energy Committee, John Jinapor, has warned that Ghana could face widespread power outages by September this year if it fails to settle a debt of over $12 million owed to the West Africa Gas Pipeline Company (WAPCo).
He explained that WAPCo is threatening to cut off gas supplies from Nigeria by September 6.
“So, that is a threat we are facing, if we do not pay this 12 million by the 7th of September, they would shut down the pipeline completely for both gas from Nigeria and reverse flow of gas from the West to Tema”.
The Minority in Parliament has announced plans to summon the Ministries of Energy and Finance to address urgent questions regarding the growing judgment debt between Ghana and the oil giant, Trafigura.
This comes after Oil conglomerate Trafigura, took over one of the country’s most important commercial properties, the Regina House in London, following the failure of the government to pay up a $134 million judgment debt.
For four years Trafiguara has been unsuccessful in getting the government of Ghana to pay up the judgment debt awarded to the energy firm after the abrupt termination of a power purchase agreement.
This situation forced Trafigura to secure another judgment in the United States courts which awarded a mandatory interest on the default of 111.4 million dollars which remains the arrears to be paid by the Republic of Ghana.
Latest Stories
-
From Deputy to Defense Boss: Gilbert Adjei returns to lead ministry where he once served number two
8 minutes -
Government targets 10% renewable energy mix by 2030, tasks BPA to lead expansion
8 minutes -
Beverly Afaglo’s funeral to be held at State House on August 8
17 minutes -
IMF warns Ghana of elevated financing needs due to large rollover of T-bills in 2027-28
22 minutes -
Illegal mining is threatening Ghana’s food security, not just environment — Ghanaian Farmer CEO
35 minutes -
Delayed construction projects creating air pollution and health risks for people across the country
35 minutes -
Bui Power Authority records US$66.2m profit as solar expansion boosts 2025 performance
40 minutes -
Who is Kenneth Gilbert Adjei? The former Deputy Defence Minister returning to lead Ghana’s Defence Ministry
40 minutes -
From stabilisation to sustainability: building a resilient and inclusive financial sector for Ghana — the role of ICDFA
56 minutes -
IMF upgrades Ghana to moderate risk of debt distress
59 minutes -
Saudi Arabia, Turkey and Pakistan sign defence pact
1 hour -
Vice President bids farewell to outgoing Brazilian Ambassador, reaffirms Ghana-Brazil partnership
1 hour -
Losing the next generation? Ghana cannot afford to ignore youth substance abuse
2 hours -
Nalerigu SHS ends Bunkpurugu’s reign to return to NSMQ after three years
2 hours -
Standard Chartered declares GH¢673m dividend at 56th Annual General Meeting
2 hours