Debt
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Business
Fitch upgrades Ghana’s Long-Term Local-Currency IDR to ‘CCC’
Fitch Ratings has upgraded Ghana’s Long-Term Local Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’. The ratings agency has…
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Business
ECG targets defaulting customers again
The Electricity Company of Ghana (ECG) has announced plans to embark on a three-month nationwide revenue mobilisation exercise dubbed “Operation…
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Business
Independent Power Producers threaten to cut power supply by June 30
Independent Power Producers (IPPs) have told the Minister of Finance that if their arrears are not paid by June 30,…
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Business
ECG disconnects Accra Digital Centre over GH¢600K debt
The Accra West regional taskforce of the Electricity Company of Ghana has cut power to the Accra Digital Center over…
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Business
ECG owes Bui Power Authority over US$600million
The Electricity Company of Ghana owes Bui Power Authority (BPA), the managers of the Bui Generating Station more than US$612…
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General News
China to seek proper resolution with Ghana over $1.7bn debt
China’s foreign ministry stated on Thursday, March 23 that it would like to strengthen communication with Ghana in order to…
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Business
Steel company settles GH₵20m out of GH₵42m debt owed ECG
The biggest steel-producing company in West Africa, B5 Plus Company Limited at Tema has saved its operations after managers of…
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Business
Ghana Airport Company pays GH¢10m out of GH¢28m debt owed ECG
The Electricity Company of Ghana (ECG) on Monday, March 20 pursued the Ghana Airport Company Limited (GACL) and other state…
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Business
Parliament pays off GH¢8m out of GH¢13m owed ECG to avoid disconnection
Parliament has settled about GH¢8 million out of the GH¢13 million it owed the Electricity Company of Ghana to avoid…
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