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Tag Archives: DEBT

Adopt a graduated approach to debt recovery – Govt to PURC

The government has urged the PURC to defer at least 35% of the next electricity tariff adjustment owing to the current economic challenges faced by Ghanaians. Ahead of the PURC’s expected quarterly adjustment of electricity tariffs, Government Officials are reported to be impressing on the regulator to be measured in …

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Bar owner allegedly set man ablaze for insulting his wife over alcohol debt

A 35-year-old painter named Dandu has allegedly set fire to Kofi Kumi 39 in the Bibiani Ahwianso Bekwai Municipality of the Western North Region. Yaa Foriwaa, the deceased mother, explained that her son (Kofi Kumi) went to a nearby community (Kojina) to mortify a dead body and stopped at a …

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NEDCo disconnects Aliu Mahama Stadium, Bagabaga and Tamale Colleges of Education over Gh¢ 8 million debt

  The Northern Electricity Distribution Company (NEDCo) has disconnected the Bagabaga College of Education (BACE), the Tamale College of Education (TACE) and the Aliu Mahama Sports Stadium for over debts accruing to a combined tune of Gh¢8 million. Where as the Aliu Mahama Sports Stadium was disconnected for the non-payment …

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I paid GH¢1m debt that allowed Fomena MP to agree to join majority caucus – Ken Agyapong

The Member of Parliament (MP) for Assin Central, Kennedy Agyapong, has disclosed the vital role he played for his party, the New Patriotic Party (NPP), to form the majority caucus of the 8th Parliament of Ghana. Ken Agyapong, an NPP presidential hopeful, narrated that the party needed the MP for Fomena, Andrew Asiamah Amoako, who is …

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Desperate mother sells 18-month-old baby to settle bank debt

A 33-year-old woman has been arrested for allegedly selling her 18-month-old daughter to an unknown buyer for N600,000. The suspect, Olaide Adekunle, was apprehended last week following a complaint by her husband, Nureni Rasaq, that she had left home with their baby, Moridiat Rasaq on March 15, girl but returned …

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TOR cut off from national power grid over GH¢26 million debt

The Tema Oil Refinery has been cut off from the national power grid over failure to settle a GH¢26 million debt owed to the Electricity Company of Ghana, a citinewsroom.com report has said. According to the ECG, the huge sum is an accumulation of unpaid power bills covering several months. …

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ECG disconnects power to McDan’s salt company over GH¢300,000 debt

A salt mining company belonging to businessman, Dr Daniel McKorley, has seen its electricity power supply cut off from the national grid due to a GH¢300,000 debt owed to the Electricity Company of Ghana, a myjoyonline.com report has said. The development follows an exercise carried out by the ECG Revenue …

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‘We support Ghana’s IMF move, will keep pushing creditors for debt cuts’ – US Vice President

US Vice President Kamala Harris has said the American government is in full support of Ghana’s talks with the International Monetary Fund for a bailout. She also announced during a joint press conference with Ghanaian leader Nana Akufo-Addo at the Jubilee House on Monday, 27 March 2023, as part of …

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Parliament pays GH¢8m of GH¢13m power debt to escape ECG disconnection

But for a partial payment of GH¢8 million of some GH¢13 million it owes power distributor Electricity Company of Ghana, the parliament of Ghana would have been taken off the national grid by the state utility company on Monday, March 20, 2023. The revenue mobilisation task force of ECG was …

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Ghana Airport Company pays GH¢10m of GH¢28m debt owed ECG to avoid being disconnected

The Ghana Airport Company Limited (GACL) has reportedly paid GH¢10 million out of the GH¢28 million debts it owes the Electricity Company of Ghana (ECG) to avoid be disconnected from the national power supply. According to a report by JoyNews, the GH¢10 million was paid on Monday, March 20, 2023, …

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