Ghana’s Oil and Gas Debt Hit $2.4bn

Energy Minister, Hon John Peter Amewu

The Minister for Energy, Hon John Peter Amewu has disclosed, Ghana’s oil and gas debt has hit a whopping sum of 2.4 billion US Dollars.

He made this disclosure at the 4th Africa Oil Governance Forum in Accra, Tuesday.

“Government has already issued a bond that has largely reduced the debt. As I speak today, our indebtedness hits 2.4 billion (USD),” he disclosed.

He however added that, the government has put in place measures to see to the further reduction of the debt.

“The finance ministry and the energy ministry are on board to manage largely to address the issue,” he indicated.

He further explained that, efforts from the government “will continue to reduce the indebtedness burden on the utility providers; as faster as we do that, the better the utilities will be able to provide their services.”

The forum brought a lot of politicians, entrepreneurs and stake holders together to share ideas about the state of the Ghanaian energy sector, ways to improve legislation in all sectors and the potentials of local content for economic growth and inclusive development.

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Source: Joyce Amwoda Agbeve

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