Oil and Gas Ghana yet to pay N-Gas debt

Contrary to media reportage, Ghana still owes Nigeria Gas Company

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General Manager at The West African Gas Pipeline Company (WAPCo) Mike Enendu has stated that, government still owes Nigeria Gas despite comments made by the President that all outstanding debts owed has already been paid.

Nigeria Gas Company is a subsidiary of WAPCo and if Ghana owes them, then it means WAPCo
is yet to receive any money from government.

This comment contradicts earlier tweet on Thursday April 13, 2017 made by President Akufo-Addo that all outstanding debt owed by government had been completely cleared.

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The Volta River Authority (VRA) stopped receiving lean gas from N-Gas, its main supplier last year after the nation failed to meet a deadline for the clearance of a US$100 million debt owed.

This debt has however been reportedly paid by the incumbent NPP government until this recent revelation.

“Between WAPCo and the government we are aware of what the debt situation is and I think for us that is what it should be. There are still some monies to be paid. I don’t know where that information is coming from but I believe WAPCo and the government knows the true situation of the debt. I don’t know who put out that information to the public. But I am not sure that it’s from the government and is obviously not from WAPCo.” Mike Enendu who doubles as head of Finance and Administration at WAPCo explained.

He made these revelations to journalists during a forum on local content promotion and greater participation by local suppliers and contractors.

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The second edition of such a forum organized by WAPCo, it  gave its beneficiaries the chance for mutual social interactions and share ideas on the growth of these businesses.

‘’The forum shall provide the needed opportunity to develop competencies, capabilities and competitiveness of suppliers and contractors so that you are able to compete for businesses both in WAPCo and the larger oil and gas sector.’’ Mr. Enendu elaborated.

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