Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Ato Forson Warns SSNIT Board: Do Not Sell State Assets To Politicians
    • GoldBod Kick-starts Anti-Gold Smuggling Taskforce
    • Minority Digs Into Sansa Daly
    • DISCLAIMER: Annoh-Dompreh Not Part of Nsawam Chieftaincy Disputes
    • NEIP CEO Provides Support To June 3 Fire Victim Solomon Akugru
    • Sick Wontumi Suffers Day 7 In Detention
    • Cyber Security Authority Blacklist Over 40 Loan Apps
    • GoldBod Already Doing Wonders – Mahama praises CEO Sammy Gyamfi
    Facebook X (Twitter) Instagram YouTube
    InsightNewsgh.ComInsightNewsgh.Com
    • Home
    • News
    • Business
    • Entertainment
    • Politics
    • Sports
    InsightNewsgh.ComInsightNewsgh.Com
    Home»News»Sunon Asogli suspends decision to shut down power after Finance Minister’s intervention
    News

    Sunon Asogli suspends decision to shut down power after Finance Minister’s intervention

    Insight NewsBy Insight NewsDecember 5, 2023No Comments2 Mins Read
    Sunon Asogli suspends decision to shut down power after Finance Minister's intervention
    Sunon Asogli suspends decision to shut down power after Finance Minister's intervention
    Share
    Facebook Twitter LinkedIn Pinterest Email

    For one week, Sunon Asogli Power (Ghana) Limited has decided to postpone the shutdown of its plant.

    The Ministry of Finance intervened, according to the company, causing this U-turn.

    The company claims that this is “given the intervention and assurance of the Minister of State and Finance.”

    It further stated in a statement released on Monday night, “Kindly confirm our understanding that we shall be paid an interim sum of $60 million in two tranches. The first tranche is $30 million to be paid this week and the second tranche in the week of 11th December 2023.”

    The independent power producer had earlier declared that its 560MW plant would be shut down permanently, which resulted in an immediate suspension of operations.

    The government’s tardiness in fulfilling its financial commitments to the power plant management, according to the company, is the reason behind the decision.

    The letter reads: “Sunon Asogli Power (Ghana) Limited Company announces with regret an indefinite suspension of operations at the Sunon Asogli Power Plant, effective Monday, December 4, 2023, at 6 p.m. This difficult decision became necessary due to avoidable delays in payment from the GoG/Electricity Company of Ghana for power supplied, as well as the unproductive engagements to find an amicable solution” to the indebtedness.

    The business also claimed that its operational capacity had been severely impacted by the mounting unpaid bills, and that it was no longer viable to continue without resolving these financial issues.

    Meanwhile, if you are a car owner in Ghana, then starting 2024, the ruling New Patriotic Party (NPP), under the President Nana Akufo-Addo and Dr. Mahamudu Bawumia government has imposed an Excise Duty (tax).

    Ghanaian vehicle owners are expected to pay an amount of GHc100 compulsory tax for owning a car, motor, or any other moving machine that uses petrol or diesel.

    However, failure to pay this newly imposed tax by the NPP government will attract a prison sentence for tax evasion.

    Dumsor Finance Minister Sunon Asogli Sunon Asogli Power Plant
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Insight News
    • Website

    INSIGHTNEWSGH seeks to give readers balanced, credible and neutral news from across Ghana and the world. We cover News, Politics, Business, Entertainment, Sports, among others.

    Related Posts

    Ato Forson Warns SSNIT Board: Do Not Sell State Assets To Politicians

    June 4, 2025

    GoldBod Kick-starts Anti-Gold Smuggling Taskforce

    June 4, 2025

    Minority Digs Into Sansa Daly

    June 4, 2025

    Comments are closed.

    ADVERTISEMENT
    Health Tips
    LATEST STORIES

    Ato Forson Warns SSNIT Board: Do Not Sell State Assets To Politicians

    June 4, 2025

    GoldBod Kick-starts Anti-Gold Smuggling Taskforce

    June 4, 2025

    Minority Digs Into Sansa Daly

    June 4, 2025

    DISCLAIMER: Annoh-Dompreh Not Part of Nsawam Chieftaincy Disputes

    June 4, 2025

    NEIP CEO Provides Support To June 3 Fire Victim Solomon Akugru

    June 4, 2025
    POPULAR

    Ato Forson Warns SSNIT Board: Do Not Sell State Assets To Politicians

    June 4, 2025

    GoldBod Kick-starts Anti-Gold Smuggling Taskforce

    June 4, 2025

    Minority Digs Into Sansa Daly

    June 4, 2025

    DISCLAIMER: Annoh-Dompreh Not Part of Nsawam Chieftaincy Disputes

    June 4, 2025

    NEIP CEO Provides Support To June 3 Fire Victim Solomon Akugru

    June 4, 2025
    Facebook X (Twitter) Instagram Pinterest
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer
    • Buy Adspace
    • Buy Adspace
    • Hide Ads for Premium Members
    © 2025 Insight News GH.

    Type above and press Enter to search. Press Esc to cancel.