The government has announced that it has cleared all outstanding debt owed the Electricity Company of Ghana (ECG).
This will, therefore, put the state-owned electricity distributor on the requisite sound financial footing.
Addressing a press conference Tuesday, the Energy Minister, John Peter Amewu stated that the government has cleared its debt with the ECG with a credit of 500 million Ghana cedis.
“In 2016 when the NDC left power the total amount owed the ECG was 2.63 billion Ghana cedis. The NPP on the assumption of office ensured it was current on all the bills incurred from 2017 to date…President Akufo-Addo has paid 2 billion annually to cover bills to ECG.
“All bills have been paid to ECG with a credit of 500 million,” Mr Amewu added.