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N-GAS debt: Ghana pays $10m out of $103m

Ghana has paid $10 millon out of the $103 million it owes the Nigeria Gas Company (N-GAS), sources within the Nigerian comapany have confirmed to StarrFMonline.com.

The payment amounts to about ten percent of the total amount owed the gas company.

The Nigerians suspended the decision to cut gas supply to Ghana after a delegation led by Power minister Dr Kwabena Donkor traveled there to discuss ways of dealing with the debt impasse.

Sources within the Nigerian company say stringent and appropriate measures have been put in place to ensure that Ghana settles the entire debt as early as possible.

The source added that any decision to cut supply of gas to the West Africa Gas Pipeline (WAPCO) will affect many other West African countries aside Ghana.

Earlier, the Corporate Affairs Director of the West African Gas Pipeline Company (WAPCo) Harriet Wereko-Brobby confirmed the deferment to Starr News.

“N-Gas has decided to curtail the deferment and we’ll issue a formal press statement later,” she told Starr Business, Friday. “Last night we received verbal information that pending the outcome of the negotiation curtailment has been deferred.”

Source:Ghana/StarrFMonline.com/103.5FM

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