Sunon Asogli Power Ghana Limited, an independent power producer, has announced that it has yet to receive any portion of the $30 million allocated by the Ministry of Finance for disbursement by the Controller and Accountant General’s Department (CAGD), despite prior assurances from the government.

This revelation comes in the wake of Sunon Asogli shutting down its 560MW power plant, which is attributed to an outstanding debt of $259 million owed by the Electricity Company of Ghana (ECG).In an interview with Citi Business News, Dr. Elikplim Apetorgbor, the Business Development Manager at Sunon Asogli Power, indicated that attempts to negotiate the debt settlement in instalments have not yielded any significant outcomes so far.

“We received notification from the Controller and Accountant General’s Department in the first week of our shutdown. They informed us that the Ministry of Finance authorized them to pay us $30 million. But they are having some challenges.“It was in the week of salary payments and they have to split this payment into five or six tranches.

We are in November, and not even one tranche has been received but the assurance was that they will try and pay one tranche in their week of salary payment and the rest will come before the end of October. Here we are, not even one of the tranches has been paid.“It is unfortunate the Ministry of Finance has been reduced to an official propaganda office. It is such a sensitive office to be used for that.

I will advise that whatever information the Finance Minister provides or shares with the public, kindly double check to ensure that you are dealing with the right information,” he said.