Ghana has settled more than $150 million out of $230 million of its indebtedness to the West African Gas Pipeline Company (WAPCo).
The payment, representing more than 50 per cent of Ghana’s indebtedness to WAPCo, was made possible through the Energy Sector Levy Act (ESLA).
Speaking to journalists after the opening ceremony of the two-day West African Gas Pipeline Project Committee of Ministers meeting in Accra on Friday, the Managing Director of the WAPCo, Mr Walter Perez, said he was optimistic the debt would be fully paid before the end of 2019.
He said the settlement had contributed greatly to the efficient and reliable operation of the company.
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