Debt Killing Ghana Gas Company – Jinapor

Member of Parliament for Yapei Kusawgu Constituency, Hon. John Abdulai Jinapor, has alleged that Ghana Gas Company is gradually running aground with its operation stagnating because of debts.

The Company, he said, supplied about 20.22 million standard cubic feet of gas last year and yet not a pesewa was paid into its account and stated that the company is currently indebted to a tune of GH¢750 million.

John Jinapor made this revelation while contributing to a motion for the adoption of the report of the Finance Committee on the 2017 Annual Report on the Petroleum Funds.

He averred that despite the full report capturing all revenues recorded from petroleum sales nothing has been captured for gas sales, which is quite strange because records show the amount of gas supplied last year was huge.

He lamented that while an energy sector levy law has been passed to deal with legacy debt of about GH¢9.2 billion, the debt situation is gradually being compounded with what has been happening since 2017.

“This House should take a particular interest in this matter because if we continue on this trajectory we are likely to collapse the system,” he warned.

Hon Jinapor disclosed that per the full document, which shows how the Annual Budget Funding Amount (ABFA) monies were spent, a total amount of GH¢265 million was allocated out of which physical infrastructure and service delivery in the education sector was GH¢ 202 million.

He noted, however, that details show nothing of that money was spent on physical infrastructure and that all the monies went into goods and services.

“If you have an economy where you spend so much on goods and services but spend nothing on physical infrastructure, eventually you are going to collapse the economy,” he warned.

He urged the House to advise the Ministry not to spend all the monies allocated on goods and services to the detriment of physical infrastructure.

By Osumanu Al-Hassan/uthmanhass@gmail.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s