Companies & Finance

Ghana pays $150 mln of its WAGP debt

Ghana has paid $150 million of the $230 million it owes to the West African Gas Pipeline Co
By Staff reporter 5 December 2018 0 33562

Ghana has paid $150 million of the $230 million it owes to the West African Gas Pipeline Co. (WAPCo), Ghana’s TodayInGH has reported.

The payment was made possible through the Energy Sector Levy Act, a tax applied to Ghana’s energy industry to stabilise the sector’s finances.

Speaking to journalists during a two-day committee of ministers meeting, WAPCo Managing Director Walter Perez said he believed the debt would be paid in full by the end of next year. The company suspended supplies...