Business News of Friday, 15 December 2017

Source: classfmonline.com

Minority fights attempts by government to sell VRA assets

Volta River Authority Volta River Authority

The Minority in parliament has reiterated its position to oppose any moves by the New Patriotic Party (NPP) government to sell off any thermal assets of the Volta River Authority (VRA).

Parliament approved the sum of close to GHS 914 million for the services of the Ministry of Energy for the year ending 31st December 2017.

Contributing to the debate prior to the approval of the budget for the Ministry of Energy on Thursday, December 14, Minority Leader Haruna Iddrisu said his side would support private sector partnership in the management of the assets and any other intervention that will improve the efficiency of the VRA.

However, in a sharp rebuttal, Energy Minister Boakye Agyarko said government has no plans of selling VRA neither does it want to sell all its assets. According to him, there is only one thermal plant up for sale.