Govt $21m debt ‘sinking’ us – GNPC


The Ghana National Petroleum Corporation (GNPC) has noted that the debt owed it by the government is affecting their work.

Speaking at a Public Accounts Committee (PAC) sitting on Tuesday, September 1, Deputy Chief Director the Ghana National Petroleum Corporation (GNPC), Joseph Dadzie, partly attributed their financial woes on government’s failure to pay an amount of 21 million dollars it owes the corporation since 2014.

“We don’t have a choice in the matter. We are run by the state, so if it doesn’t work today, there is nothing we can do.

“We have had some challenges especially with cash flow especially during this period where we have seen the novel Coronavirus plummeting. It has hit us very hard.

“This amount has been outstanding since 2014. I think it will be very helpful if we can get assistance for the payment of this,” he said.

Source: Laudbusiness



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