GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home Top Stories

Avoid Fiscal Indiscipline In the Energy Sector – Terkper Tells Akufo-Addo’s Gov’t

December 21, 2016
in Top Stories
Share on FacebookShare on Twitter

The West African Gas Pipeline Company (WAPCo) has since June this year suspended supply of gas from Nigeria Gas to Ghana over unpaid bills by the Ghana government.

You Might Also Like

Prominent Ghanaian Leaders and Clergy Honor Late Apostle Dr. Michael Kwabena Ntumy at State House Funeral

Vice President Bawumia Shares Inspiring Journey from Oxford University to Political Success

The Diverse Currencies of Africa: Impact on Economic Growth

The Volta River Authority owes Nigeria’s N-Gas about $180 million, while N-Gas in turn owes the Pipeline Company $104 million.

The debt is however yet to be settled.

With the impending shutdown of the Kpone Thermal Plant next year, the fear of returning to the era of erratic power supply stares the country in the face.

Outgoing Finance Minister Seth Terkper says  though the Mahama-led administration is restructuring the energy sector debt, it will be prudent to have fiscal discipline in the sector.

“We are still continuing with the restructuring of the energy sector debt. We have restructured 2.2 billion Ghana Cedis of VRA debt which we published. As we speak we are negotiating another tranche in the payment of the supplies. The support is also there; the energy levy,” he said

He, however, raised concerns about the need for the incoming Akufo-Addo government to maintain fiscal discipline, indicating that solving the country’s energy problems is part of reasons why ECG is being restructured.

According to Mr Terkper the economy is in good shape, saying there are enough buffers to sustain the economy.

Terkper debunked claims that the outgoing government has depleted state coffers, stating there is money in the coffers for the incoming government.

He explained that the outgoing Mahama administration did not use all the country’s resources but created buffers which can consolidate the economic stability achieved.

Sign up for Ghana Star News to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: africaAkufo-Addo governmentBusiness_Financeenergy levyenergy problemsenergy sector debtenvironmentFinance MinisterForms of governmentghanaghana governmentKpone Thermal Plantmahamamahama-administrationNatural Gas PipelinenigeriaPipeline CompanySeth TerkperVolta River AuthorityWest African Gas Pipeline Company

Related News

Prominent Ghanaian Leaders and Clergy Honor Late Apostle Dr. Michael Kwabena Ntumy at State House Funeral

Prominent Ghanaian Leaders and Clergy Honor Late Apostle Dr. Michael Kwabena Ntumy at State House Funeral

by ghanastar
February 25, 2024
0

In a poignant ceremony held on Saturday, February 24, 2024, at the Forecourt of the State House, hundreds of mourners...

Vice President Bawumia Shares Inspiring Journey from Oxford University to Political Success

Vice President Bawumia Shares Inspiring Journey from Oxford University to Political Success

by ghanastar
June 17, 2023
0

In a heartfelt revelation of his life's journey, the Vice President of the Republic, His Excellency Dr. Mahamudu Bawumia, spoke...

The Diverse Currencies of Africa: Impact on Economic Growth

The Diverse Currencies of Africa: Impact on Economic Growth

by ghanastar
June 17, 2023
0

Africa, a continent rich in cultural diversity, is home to a vast array of currencies. With 54 recognized countries, each...

Suicide at Aburi Botanical Gardens: Man Found Dead

Suicide at Aburi Botanical Gardens: Man Found Dead

by ghanastar
January 14, 2023
0

A man, believed to be in his fifties, has died by suicide in the Aburi Botanical Gardens in the Eastern...

Next Post

NUGS Commends Gov't Over Increment of NSS Allowance

Tokyo Olympics Unveils $16.8 Billion Budget, To Seek More Savings

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Government of Ghana Unveils Official Portraits of President John Dramani Mahama and Vice President Prof. Naana Jane Opoku-Agyemang
  • Who Is the Woman (Sheena Gakpe) in Sarkodie’s Latest Hit “No Sir” and Why Everyone Is Talking about It
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com