The Ghana National Gas Company prays the Volta River Authority, VRA, pays off all its debts as soon as possible to enable the gas processing company continue supply for power generation.
The VRA is said to be indebted to Ghana Gas millions of dollars – a situation which could plunge the company into financial distress if not addressed.
Speaking with Joy Business, Chief Executive Dr George Sipa-Adjah Yankey said the settlement of these debts is crucial for the company’s operations.
According to him, government has set up a team to look at the cross-debt of all the various companies in the energy sector and to achieve this, the Public Utilities and Regulatory Commission is working on the mechanism for the settlement.
“I believe that within the short to medium term all debts will be paid by the VRA,” he said.
“Luckily for us we have some other products that support our operations and that is why we’ve been able to continue to operate and support the VRA,” he added.