TOR Pays GH¢5 Million Out Of GH¢32 Million Debt It owed ECG

The Tema Oil Refinery (TOR) has also paid GH¢5 million out of the GH¢32 million cedi debt it owes the Electricity Company of Ghana. The amount which was considered insignificant by ECG’s revenue mobilization taskforce has given reason to the team to prolong their engagement with TOR. TOR management agreed to pay an additional GH¢5 million on Friday, but that was unsatisfactory for the ECG team.

Managers of TOR have been pleading profusely with the taskforce not to disconnect them from the national grid. The Electricity Company of Ghana in a statement noted it will retrieve about GH¢5.7 billion from its customers who have failed to pay bills since August 2022, starting from March 20 to April 20. The exercise is being carried out by all the managers at all levels. Hence, the company has closed its offices except for the customer service units.

On Monday, the national taskforce visited Parliament, Ghana Airport Company Limited, and then the Ghana Broadcasting Corporation (GBC) where the companies except GBC made GH¢8 million and GH¢10 million cedi payments respectively to avoid being disconnected. The University of Ghana has been served notice to redeem its debt of about GH¢31 million within 42 hours before the team arrives. Other companies such as B 5 Plus made payments upon the team’s visit.