Audio By Carbonatix
South Dayi MP Rockson-Nelson Dafeamekpor says the current debt crisis hitting the country's energy sector is a result of mismanagement on the part of government.
According to him, the level of mismanagement could deepen the current crisis and it is not surprising that the Independent Power Producers (IPP) are demanding blood in terms of the huge debt owed them.
Mr Dafeamekpor lamented that the IPPs' operations are cost-intensive and therefore need their monies in order to stay afloat.
"Where we are, the government has mismanaged the energy sector and running us into a crisis if we're not careful. So I'm not surprised that the IPPs are demanding blood.
"They need these payments. If you look at the nature of their operations, the operations are very cost intensive. So they need these monies," he said on JoyNews' AM show on Thursday.
The politician expressed that the economy the current government inherited from the National Democratic Congress (NDC), is one that could have seen their progress doubled in the present year if they had followed the trajectory.
According to him, the blame on the Covid-19 pandemic for the economic challenges extending to the energy sector is not substantial.
This, he expressed is because, in the wake of the pandemic, the government received huge sums of "free monies" from international bodies.
"So how did you expend it?" he questioned.
The IPPs are threatening to cut power supply to the Electricity Company of Ghana (ECG) should the debt owed them not be paid.
Should this happen, many companies, businesses, and government institutions could cease operations.
Government owes these power producers about $1.5 billion, an amount accumulated between January 2022 and March 2023.
Meanwhile, the IPPs have said that government should at least by July 1, pay 30% of the total debt in order to avoid power outages.
Latest Stories
-
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
9 minutes -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
31 minutes -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
58 minutes -
Volleyball emerges as Ghana’s fastest rising sport
1 hour -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
1 hour -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
1 hour -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
2 hours -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
2 hours -
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
3 hours -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
4 hours -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
4 hours -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
4 hours -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
4 hours -
Why volunteering might be Africa’s most underrated career accelerator
4 hours -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
4 hours