Gov’t clears part of VRA debt with $200m worth crude oil

Government through the Energy Ministry purchased over 200 million dollars of crude oil for the operations of the Volta River Authority between December last year and February this year.

According to the ministry, this is part of measures to clear government’s debts owed the power providers.

Government is said to owe the ECG about 500 million dollars and the VRA about 400 million dollars.

This has been largely blamed for the country’s energy crises.

But Communications Consultant at the Energy Ministry, Edward Bawa told Joy Business the Ministry has begun to make special arrangements to clear the debts.

“Government has first asked the Ministry of Energy to rationalize the indebtedness, which we have done.”

He reiterated calls for government institutions to switch from postpaid to prepaid meters.