Tag: Take or pay clause
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Databank CEO urges gov’t to prevent further rise in expenditure
Group Chief Executive Officer at Databank Kojo Addae-Mensah has urged government to take steps to control or better yet reduce the country’s total expenditure going forward. When the GH¢6.37 billion additional money the Finance Minister has requested from Parliament is approved, it will mean that government will now spend GH¢85.1 billion in the 2019 Fiscal year. Commenting on…
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Removing take or pay clauses may result in judgement debts – Analyst
The government risks being slapped with judgment debts if producers of fuel and power fail to comply with terms of proposals to cancel take or pay clauses in the energy sector. That is the comment from Executive Director of the Kumasi Institute of Technology, Energy and Environment (KITE), Ishmael Edjekumhene. It follows the disclosure by…