The acting Managing Director (MD) of the Electricity Company of Ghana (ECG), David Asamoah has attributed the company's mounting debts to forex instability.
This follows the company's debts to about nine Independent Power Producers (IPPs), three of which are threatening to shut down soon.
Speaking on the issue on Joy News on Saturday, November 23, he highlighted the significant impact of foreign exchange shortfalls on the company's financial health.
Asamoah further elaborated on the challenges faced by ECG in making timely payments to Independent Power Producers (IPPs).