
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
-
Armed men reportedly storm Adjen Kotoku Onion Market amid tensions
9 minutes -
Tecco Mensah writes: Why football fans must look beyond statistics
52 minutes -
Police recover stolen Honda CR-V in Kumasi within 48 hours
1 hour -
Apetorku Gbodzi 2026 Festival opens in Dagbamete with development focus
2 hours -
President Mahama arrives in Lyon to co-chair One Health Summit
2 hours -
Beverly View Plus Hotel draws crowds amid coastal Easter rush in Volta
2 hours -
Maiden Zongo Festival held in Wa amid calls to tackle drug abuse among the youth
2 hours -
FDA warns of fake HIV test kits on Ghanaian market
3 hours -
Africa urged to build resilient health systems as donor support tightens
3 hours -
Easter gesture: Ablakwa settles medical bills for 85 North Tongu constituents
5 hours -
Africa must harness its population strength—Titus-Glover
5 hours -
Visa-free access doesn’t mean unlimited stay – Lom Ahlijah
5 hours -
From Golgotha to Kwahu: The Easter Migration of the Faithful and the Faithless
6 hours -
How the Ghanaian onion traders’ standoff with Nigeria unfolded and threatened local supply
6 hours -
No compensation for demolished structures on 24-Hour Economy market lands — Gov’t to structure owners
6 hours