​GOV’T HAS PAID 30M OF $140M WAPCO DEBT – MINISTER

The Petroleum Minister, Emmanuel Armah Kofi Buah, has said that Ghana has paid 30 million dollars of the reported 140 million dollars it owes the West African Gas Pipeline Company (WAPCo).

The company indicated in June 2016, that it had cut supply of gas to Ghana over the failure of government to pay its bills.
There have been suggestions that recent power cuts are as a result of Wapco’s decision to cut gas supply to Ghana.
However, Armah Kofi Buah, speaking after the Finance Minister, Seth Terkper, presented the supplementary budget to parliament on Monday, dismissed those assertions.
According to him, the recent shortfalls in the supply in gas from Nigeria, was not as a result of non-payment of debts, as government had initiated payments to the company.
“We had an issue with debt with Wapco; we were able to sit down with them in Abuja, we have a payment plan with the committee of ministers. The initial payment was 50 million, we’ve already done a plan, we’ve paid thirty million and we are making more payments. The issue is not payment. There’s no issue today with Wapco. We have a challenge and we are dealing with it. No excuses; but it’s a fact that we have had pipelines blown up in Nigeria,” he said.

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