The Finance Minister Ken Ofori Atta has stated that the Ministry of Energy is proposing to Parliament to all
ow it to exclude gas revenues to the tune of USD 181.80 million from the projected petroleum revenues for 2019 as they devise ways of getting the Volta River Authority, VRA, to pay for the gas supplied it by Ghana Gas.
Mr. Ofori Atta says these are prudential measures and shouldn’t be misconstrued to mean that the ministry will not be perusing the VRA’s gas bills, as required.
He made these assertions on the floor of parliament today when he was reading the budget statement and financial policies for the third year in office of the Akufo-Addo administration.
He further explains that ‘as a measure to minimize the amount of gas produced in the SGN Field for power production, Government has decided to postpone the extraction of its share of the gas resources until such a time that they line up off takers to consume the gas in-year’ he stressed.
He says if Parliament should grant them this request, the projected petroleum revenue for 2019 will amount to USD 1.1 Billion
Ghana | Atinkaoanline.com
