We’re working to settle $ 2.4 bn Energy Sector debt – Nana Addo

  |   Ghana News

Government is devising measures to find the requisite funds needed to clear the huge debt the Energy Sector is saddled with. The President, Nana Akufo-Addo, who made this revelation in Zambia, during his interaction with the Ghanaian community, said the Finance Minister, Ken Ofori-Atta, is championing this cause.

He revealed that government had already initiated programmes and policies that will ensure that the debt is settled. He said, “The debt of some 2.4 billion dollars in our Energy Sector is making it difficult to attract investment into the Energy sector. This is not allowing us to retool and recapitalize our facilities and therefore once again, solving this financial problem is a very acute problem for us.”

“I have a very imaginative and excellent Finance Minister. He has a problem and I have a problem. He is also my cousin and a lot of people say I have made my cousin the Finance Minister, but I say to myself that if I find someone who has the capability and the ability because he is my cousin I should deny myself the opportunity to work. I will not think of it that way,” the President told the Ghanaian community.

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