Independent Power Producer Sunon Asogli Power Ghana Limited has denied receiving any portion of the $30 million that the Ministry of Finance says it has directed to be released by the Controller and Accountant General’s Department (CAGD), despite previous government assurances.

This situation has raised concerns regarding the company's financial stability and operational capacity.

The denial comes on the heels of Sunon Asogli's recent decision to shut down its 560MW power plant due to an outstanding debt of $259 million owed by the Electricity Company of Ghana (ECG).

The prolonged debt has significantly impacted the company's ability to operate efficiently, prompting the shutdown.

In an interview with Citi FM, Dr. Elikplim Apetorgbor, the Business Development Manager at Sunon Asogli Power Ghana Limited, elaborated on the company's efforts to resolve the debt situation.

He noted that attempts to settle the debt through installment payments have not yielded any significant outcomes, further exacerbating the financial strain on the company.

“We received notification from the Controller and Accountant General’s Department in the first week of our shutdown. They informed us that the Ministry of Finance authorized them to pay us $30 million. But they are having some challenges."

“It was in the week of salary payments and they have to split this payment into five or six tranches. We are in November, and not even one tranche has been received but the assurance was that they will try and pay one tranche in their week of salary payment and the rest will come before the end of October. Here we are, not even one of the tranches has been paid."

“It is unfortunate the Ministry of Finance has been reduced to an official propaganda office. It is such a sensitive office to be used for that. I will advise that whatever information the Finance Minister provides or shares with the public, kindly double check to ensure that you are dealing with the right information,” he said.