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
-
‘NDC can’t change the constitution alone’ – Minority MPs hold key role, says Barker-Vormawor
3 minutes -
Parents of Persons with Disabilities call for affordable rehabilitation services
9 minutes -
Barker-Vormawor urges President Mahama to lead constitutional reform implementation
13 minutes -
Dr Nyaho Nyaho-Tamakloe calls for abolition of ex gratia payments, excessive benefits for public officeholders
26 minutes -
Dr Nyaho Nyaho-Tamakloe backs review of presidential immunity provisions in Ghana’s constitution
39 minutes -
Dr Nyaho Nyaho-Tamakloe opposes presidential term extension
1 hour -
Dr Nyaho Nyaho-Tamakloe: On Ghana’s constitution review and the future of democratic governance
1 hour -
Victoria Bright supports lowering presidential age limit to 30
2 hours -
Where Rain Falls but Water Dies
2 hours -
Christmas Embrace: Sametro Group honours 250 widows in Tarkwa with gifts
2 hours -
Victoria Bright: Weak institutions make presidential term extension risky
2 hours -
Police net 120 suspects in major East Legon drug and crime swoop
2 hours -
Three suspected armed robbers shot dead by Police in Ashanti region
3 hours -
Why Ghana’s Constitution Review Committee’s Work Should Be Extended to Strategic Communication
3 hours -
Prof. Prempeh defends lowering presidential age, cites Kufuor’s early leadership roles
3 hours
