The Finance Minister has criticised Sunon Asogli Power for what he described as "bad faith" in the company's decision to halt operations over a $259 million debt owed by the Electricity Company of Ghana (ECG).
Dr Mohammed Amin Adam explained that government was in the process of negotiating an agreement to clear the debts when Sunon Asogli changed its stance on the payment terms, complicating the process. "We were working on an agreement to address the debt, but Sunon Asogli later revised their demands on payment terms, making it difficult for us to proceed," the Finance Minister stated.
Difficult Negotiations with Sunon Asogli Dr Mohammed Amin Adam shared that during an initial payment round to independent power producers, the Ministry of Finance allocated $30 million to Sunon Asogli.
Later, the company requested an additional $30 million, but the ministry did not agree to this request at the time.