Independent Power Generators (IPGs) in Ghana have commended the government for settling a significant portion of legacy arrears owed to power generation companies, describing the move as a major step towards stabilising the country’s energy sector. The government says it has paid a total of US$1.47 billion within its first year in office to clear […]
Tag: Legacy Debts
Govt clears legacy debts to bulk oil distributors
The government has fully paid off its indebtedness to bulk oil distribution companies (BDCs) that accrued between 2011 and 2015, the Chief Executive Officer of the Chamber of Bulk Oil Distribution Companies, Senyo Hosi has revealed. According to Mr Hosi, the final payments, which included interests accrued on the debt, was done on January 13, […]


