Rating Member of Parliament’s Mines and Power Committee, John Jinapor, has warned that Ghana could face widespread energy outages by September if it doesn’t settle a $12 million debt to the West Africa Fuel Pipeline Firm (WAPCo).
Mr. Jinapor famous that WAPCo has threatened to chop off fuel provides from Nigeria beginning September 6.
“So, that may be a risk we face, if we don’t pay this 12 million by the seventh of September, they might shut down the pipeline fully for each fuel from Nigeria and reverse stream of fuel from the West to Tema,” he stated.
Consequently, the Minority in Parliament has introduced plans to summon the ministries of power and finance to deal with pressing questions relating to the debt and in addition the rising judgment debt between Ghana and the oil large, Trafigura.
This comes after oil conglomerate Trafigura, seized one of many nation’s most necessary industrial properties, the Regina Home, in London, following the failure of the federal government to pay up a $134 million judgment debt.
For 4 years Trafiguara has been unsuccessful in getting the federal government of Ghana to pay up the judgment debt awarded to the power agency after the abrupt termination of an influence buy settlement.
This example pressured Trafigura to safe one other judgment in america courts which awarded a compulsory curiosity on the default of 111.4 million {dollars} which stays the arrears to be paid by the Republic of Ghana.