Independent Power Generators Ghana has disclosed that it has not reached an agreement with the government to restructure the debt owed to the power generators operating in the country.
This claim, they say, is misleading and should be ignored.
The Finance Minister, Dr. Mohammed Amin Adam, claimed that the agreement includes the IPPs accepting a reduction in their claims (haircut), allowing the government to spread payment over five years.
But the Chief Executive Officer of the Independent Power Generators, Ghana, Dr. Elikplim Kwabla Apetorgbor, said the information was misleading.
He revealed that the last engagement of some IPPs with the Government of Ghana’s negotiating team was in April 2024, and no agreement was reached between the two parties.
“It has come to our attention that the Minister of Finance has made public statements indicating that a deal has been reached with Independent Power Producers (IPPs) regarding debt restructuring. We must categorically state that this assertion is misleading and inaccurate”.
“The last engagement with some of the IPPs and the Government of Ghana’s negotiating team occurred in April [2024] and since then, no agreement on any terms has been reached. The posture and generalisation that the government has secured a debt restructuring agreement with the IPPs are misleading and amount to public deception”, he added.
“We urge the Minister of Finance to refrain from making such inaccurate statements and to engage in transparent and honest communications”, he said.
He emphasised that they are committed to constructive engagement and reaching a mutually beneficial conclusion to the continuing negotiations.
By: Rainbowradioonline.com/Ghana
