Close Menu
NewsFile GH
  • Home
  • Local News
  • Politics
  • Business
  • Sports
  • Showbiz
  • Odd News
  • Opinion
What's Hot

Amin Adam questions gov’t bond pricing as short-term yields fall below inflation

Amin Adam warns treasury bill dependence could expose Ghana to refinancing risks

Parliament’s Human Rights C’tee condemns alleged sexual abuse at Obuasi SHTS

Facebook X (Twitter) Instagram
Trending
  • Amin Adam questions gov’t bond pricing as short-term yields fall below inflation
  • Amin Adam warns treasury bill dependence could expose Ghana to refinancing risks
  • Parliament’s Human Rights C’tee condemns alleged sexual abuse at Obuasi SHTS
  • Amin Adam calls for full disclosure of govt’s non-cash borrowing & debt placements
  • Old Tafo MP petitions Mahama to set up Commission of Inquiry over World Cup visa scandal
  • Mahama Ayariga inaugurates committee to drive Accra green and clean city initiative
  • Kwame Nkrumah’s son Gamal dies in Cairo
  • Michael Tetteh Kwetey files nomination for NDC Greater Accra Regional Chairmanship
Facebook X (Twitter) Instagram
NewsFile GH
  • Home
  • Local News

    Mahama Ayariga inaugurates committee to drive Accra green and clean city initiative

    October 15, 2026

    John Darko denies role in SIC settlement after EOCO interrogation

    October 14, 2026

    Election Watch Ghana commends Mahama for promoting women’s empowerment with EC appointments

    October 14, 2026

    DVLA develops simulator-based driving tests to improve driver competence

    October 12, 2026

    Mahama Ayariga visits Kumasi Central Market fire scene to assess damage

    October 12, 2026
  • Politics

    Michael Tetteh Kwetey files nomination for NDC Greater Accra Regional Chairmanship

    October 15, 2026

    GAM unveils campaign flyers for NDC Greater Accra Regional Secretary race

    October 14, 2026

    Nana B’s passport cannot explain GH¢49.7m evacuation questions – Akosua Manu

    October 13, 2026

    Okai Mintah vows to strengthen NDC campaign machinery ahead of 2028

    October 8, 2026

    Okai Mintah seeks Sabah Zita Benson’s support for NDC National Youth Organiser bid

    October 7, 2026
  • Business

    Amin Adam questions gov’t bond pricing as short-term yields fall below inflation

    October 16, 2026

    Amin Adam warns treasury bill dependence could expose Ghana to refinancing risks

    October 16, 2026

    Amin Adam calls for full disclosure of govt’s non-cash borrowing & debt placements

    October 16, 2026

    Agbodza, Sam George move to curb fibre optic cable cuts during road works

    October 15, 2026

    Africa risks falling further behind without urgent action on AI and digital governance – BoG Governor

    October 14, 2026
  • Sports

    Old Tafo MP petitions Mahama to set up Commission of Inquiry over World Cup visa scandal

    October 15, 2026

    Parliamentary C’tee commends NYA CEO for rebuilding Azumah Nelson Sports Complex

    October 8, 2026

    The Gambia secure away win over Ghana in six-goal thriller

    September 29, 2026

    Black Stars lose 2-0 to Ivory Coast in AFCON 2027 qualifiers

    September 25, 2026

    Ipswich Town investigates racist abuse of Fatawu Issahaku

    September 22, 2026
  • Showbiz

    GTA CEO denies involvement in World Cup visa sales

    October 9, 2026

    GTA denies collecting money for US, Canada visas ahead of 2026 World Cup

    October 9, 2026

    Jay-Z rape accuser says her allegation was false

    September 25, 2026

    Gospel musician Bernice Offei recently reported missing but found dies

    September 12, 2026

    Songhai youth chief supports Teshie Homowo youth groups with GH¢50,000

    September 6, 2026
  • Odd News

    More than 100,000 people in Japan are now aged 100 or older

    September 15, 2026

    Nearly three million Teslas recalled in China over hidden door handles

    August 24, 2026

    UK radio station in hot water after mistakenly announcing King’s death

    August 10, 2026

    Tokyo urges men to wear shorts to work, but some women say it’s ‘leg hair harassment’

    July 22, 2026

    Twins marry twins in joyous Nigerian joint wedding

    June 25, 2026
  • Opinion

    Artificial stability or sustainable equilibrium? Rethinking the Cedi’s performance

    October 8, 2026

    The man who saw tomorrow: How Dr. Bawumia built for Ghana what America and Nigeria are building today

    October 1, 2026

    Beyond politics: Why Kwame Nkrumah’s ideals still matter for today’s leaders

    September 23, 2026

    Is Manasseh auditing the Auditor-General or putting Zoomlion on trial as usual?

    September 17, 2026

    The growth of Medeama SC to become the second most successful club in Ghana

    August 19, 2026
NewsFile GH
Home»Business»Electricity producers can’t stop production over gov’t debt – Kojo Poku
Business

Electricity producers can’t stop production over gov’t debt – Kojo Poku

By newsfileghJuly 14, 20193 Mins Read
Share Facebook Twitter LinkedIn Email WhatsApp Telegram Copy Link
Share
Facebook Twitter LinkedIn WhatsApp Copy Link Email
Listen to this article

Energy expert Kojo Poku says Independent Power Producers (IPPs) in the country cannot halt production due to government’s indebtedness to them.

According to him, shutting down will mean terminating their agreement with government.

His argument followed a statement issued by the Chamber for Independent Power Producers, Distributors and Bulk Consumers in which they gave government a 7-day ultimatum to settle its debts to power producers in the country.

They threatened to completely shut down should the Power Distribution Services fail to pay its estimated 300 million dollars to them.

But speaking on TV3’s The Key Points programme on Saturday, Mr Opoku said because the IPPs have a bond with government, they must adhere to it, stating the IPPs cannot just issue threats.

“…But what I’m trying to add to the matter is that if somebody goes out there and issues these things that in eight days we will pull the plug, it is not that easy, you cannot pull the plug, you cannot do that.

“To pull the plugs and shut your machines down, do you know what it means? Every IPP has a bond, that bond is given to you that in failure of government paying you, call on the bond.

“When you call on the bond, what it means is that you are shutting down and leaving the country and terminating your PPA, so if you come out with some of those things, you cannot threaten your employer,” he explained.

Mr. Poku also said the Chamber for Independent Power Producers, Distributors and Bulk Consumers does not have the power to represent any power producer in the country.

“Let’s address this chamber thing, they do not represent anyone, I put it on record, they don’t represent anyone. The gentleman works for Asogli, all the numbers he has, he called ECG pretending he was not from Asogli and they gave him the numbers.

“…When I get these things at six o’clock in the morning and I call the people involved, and everybody tells me Kojo, there has been no meeting, we have not told anybody to go and issue threats to government.”

Speaking on the issue of indebtedness, Mr. Poku said the PDS does not owe the IPPs any money.

“…From 1st March going forward, the Ministry of Finance, the government through the Ministry of Finance…all the debt that existed in the energy sector.So, PDS took a clean slate. There was no indebtedness,” he explained.

He noted that the figures put out by the Chamber for Independent Power Producers, Distributors and Bulk Consumers as money owed the IPPs is not accurate.

“The numbers are being brought about by somebody just bringing about numbers, it is definitely not true.”

By Irene Amesimeku| 3news.com|Ghana

Share. Facebook Twitter LinkedIn Email Copy Link WhatsApp

Related Posts

BNI nabs four over PDS payments

May 4, 2026By Krobea1 Min Read

IPPs commend gov’t over settlement of ‘substantial portion’ of legacy arrears

January 12, 2026By Krobea2 Mins Read

Finance Minister urges Tax authorities to actively engage citizens, enforce compliance to increase revenue streams

December 12, 2025By newsfilegh2 Mins Read
Follow Us
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Recent Posts
  • Amin Adam questions gov’t bond pricing as short-term yields fall below inflation
  • Amin Adam warns treasury bill dependence could expose Ghana to refinancing risks
  • Parliament’s Human Rights C’tee condemns alleged sexual abuse at Obuasi SHTS
  • Amin Adam calls for full disclosure of govt’s non-cash borrowing & debt placements
  • Old Tafo MP petitions Mahama to set up Commission of Inquiry over World Cup visa scandal
  • Mahama Ayariga inaugurates committee to drive Accra green and clean city initiative
Top Posts

Amin Adam questions gov’t bond pricing as short-term yields fall below inflation

Amin Adam warns treasury bill dependence could expose Ghana to refinancing risks

Parliament’s Human Rights C’tee condemns alleged sexual abuse at Obuasi SHTS

Amin Adam calls for full disclosure of govt’s non-cash borrowing & debt placements

About Us
About Us

NewsFile Gh is a comprehensive news portal that delivers up-to-date information on a wide range of topics, including politics, business, sports, entertainment etc. It provides users with real-time news updates accessible anytime and anywhere...

Email Us: news@newsfilegh.com

Facebook X (Twitter) YouTube RSS
Recent

Amin Adam questions gov’t bond pricing as short-term yields fall below inflation

Amin Adam warns treasury bill dependence could expose Ghana to refinancing risks

Parliament’s Human Rights C’tee condemns alleged sexual abuse at Obuasi SHTS

Most Popular

IS leader in Afghanistan ‘killed’

July 11, 2015

‘Oldest’ Koran found at UK university

July 22, 2015

Gunman in Mahama’s church for court today

July 28, 2015
© 2026 NewsFile GH. All Rights Reserved.
  • Home
  • Politics

Type above and press Enter to search. Press Esc to cancel.