In 2021, the government avoided giving utilities in the energy industry $300 million in credit.
The credit arose from agreements made by the government to distribute tariff income to participants in the energy value chain on a weekly basis; in order to increase sector liquidity as part of the Energy Sector Recovery Program (ESRP).
The Natural Gas Clearinghouse (NGC), created under the ESRP, makes sure that companies in the electrical value chain, such as natural gas suppliers, transmitters, offtakers, and distributors, made up of public and private sector entities, share weekly tariff income.
The NGC agreement, according to Mr. Akuffo-Kwapong, also ensures the fair and efficient distribution of gas sector income to all sector participants. He said that the ESRP has been able to lower the through the intervention.