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The Business & Financial Times July 7, 2021 Energy Minister, Matthew Opoku Prempeh Energy sector debt, approximately GH¢8billion, has been refinanced over the last four years ending 2020 through the Energy Sector Levy Act (ESLA), the annual report on management of energy sector levies and accounts has shown. Of the total amount, GH¢1.87billion was settled in cash to creditors while the remaining GH¢6.19billion was covered by debt-swaps – whereby the creditor enters into a bond purchase agreement with the issuer. In 2018, a total of GH¢5.45billion was novated to creditors, comprising of about GH¢3.92billion in debt-swaps and GH¢1.53billion in cash settlement; while in 2019 GH¢988.78million was settled, with GH¢648.93million in debt-swaps and GH¢339.85million in cash settles. Last year, ESLA novated about GH¢1.62billion entirely in debt-swaps.

Matthew opoku prempehBulk oil storageEnergy sector levy actNapo energyNational electrification scheme levyEnergy commissionGhana grid companyEnergy debt recovery levyTema oil refineryE sla plcVolta river authorityElectricity company of ghana limitedEnergy ministerMatthew opokuElectricity companyGhana limited