{"id":68155,"date":"2024-03-06T07:12:30","date_gmt":"2024-03-06T07:12:30","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/dr-elikplim-apetorgbor-clarifies-reduction-in-the-debt-owed-to-ipps"},"modified":"2024-03-06T07:57:33","modified_gmt":"2024-03-06T07:57:33","slug":"dr-elikplim-apetorgbor-clarifies-reduction-in-the-debt-owed-to-ipps","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/dr-elikplim-apetorgbor-clarifies-reduction-in-the-debt-owed-to-ipps","title":{"rendered":"Dr. Elikplim Apetorgbor clarifies reduction in the debt owed to IPPs"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Recent discussions surrounding a statement of claim attributed to H.E the President during SONA referenced a reduction in the debt owed to Independent Power Producers (IPPs) from 1.6 billion USD to 1.2 billion USD.<\/b><\/p>\n

It has been suggested that this reduction was a result of reconciliations. We wish to clarify this point for the benefit of the public.<\/p>\n

It is crucial to understand that the USD$400 million reduction in the reported debt of ECG from 1.6 billion USD to 1.2 billion USD is inaccurate and misleading.<\/p>\n

The close to USD$400m so- called savings, represent the sum of bulk payments made by the Ministry of Finance to the individual IPPs to defray part of the debt owed and to keep them afloat to guarantee power supply under the very challenging circumstances.<\/p>\n

We are very meticulous and up to the task with our accounting and there is no way a simple reconciliation would decimate our receivables into \u2018savings\u2019 as suggested.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Recent discussions surrounding a statement of claim attributed to H.E the President during SONA referenced a reduction in the debt owed to Independent Power Producers (IPPs) from 1.6 billion USD to 1.2 billion USD. It has been suggested that this reduction was a result of reconciliations. We wish to clarify this point […]<\/p>\n","protected":false},"author":84,"featured_media":68154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-68155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nDr. Elikplim Apetorgbor clarifies reduction in the debt owed to IPPs - Ghana<\/title>\n<meta name=\"description\" content=\"Recent discussions surrounding a statement of claim attributed to H.E the President during SONA referenced a reductio ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/dr-elikplim-apetorgbor-clarifies-reduction-in-the-debt-owed-to-ipps\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dr. Elikplim Apetorgbor clarifies reduction in the debt owed to IPPs\" \/>\n<meta property=\"og:description\" content=\"Recent discussions surrounding a statement of claim attributed to H.E the President during SONA referenced a reductio ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/dr-elikplim-apetorgbor-clarifies-reduction-in-the-debt-owed-to-ipps\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-06T07:12:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-06T07:57:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1709699090.978362.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"435\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/dr-elikplim-apetorgbor-clarifies-reduction-in-the-debt-owed-to-ipps#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/dr-elikplim-apetorgbor-clarifies-reduction-in-the-debt-owed-to-ipps\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Dr. Elikplim Apetorgbor clarifies reduction in the debt owed to IPPs\",\"datePublished\":\"2024-03-06T07:12:30+00:00\",\"dateModified\":\"2024-03-06T07:57:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/dr-elikplim-apetorgbor-clarifies-reduction-in-the-debt-owed-to-ipps\"},\"wordCount\":179,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/dr-elikplim-apetorgbor-clarifies-reduction-in-the-debt-owed-to-ipps#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1709699090.978362.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/dr-elikplim-apetorgbor-clarifies-reduction-in-the-debt-owed-to-ipps#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/dr-elikplim-apetorgbor-clarifies-reduction-in-the-debt-owed-to-ipps\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/dr-elikplim-apetorgbor-clarifies-reduction-in-the-debt-owed-to-ipps\",\"name\":\"Dr. Elikplim Apetorgbor clarifies reduction in the debt owed to IPPs - 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