Citi Business News can confirm that Ghana is yet to settle outstanding debts owed Nigeria Gas Company and subsequently, the West African Gas Pipeline Company (WAPCo).
There were recent reports that government had settled all debts owed N-Gas hence WAPCo.
But WAPCo has denied receiving any payment for the debts estimated at 100 million dollars.
The erstwhile NDC government last year reached an agreement with the stakeholders to ring-fence the debt as government commits to pay them under agreed terms.
The General Manager for Finance and Administration at WAPCo, Mike Enendu explained the current situation to Citi Business News.
“Well I don’t know where that information is coming from but I believe WAPCo and the government knows the true situation of the debt so I don’t know who puts out the information to the public. But I am not sure that is from the government but obviously that is not from WAPCo.”
“Between WAPCo and the government we are aware of what the debt situation is and I think for us that is what it should be. There are still some monies to be paid,”he added.
He spoke to Citi Business News at the sidelines of the 2nd WAPCo vendor forum in Accra.
The forum which brought together suppliers and contractors already in business or seeking to do business with WAPCo was organized to develop local content capacity among participants.
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(Via: CitiFM Online Ghana)
