Three companies owed the Ghana Grid Company Limited (GRIDCo), GH¢721.946 million as of December 31, 2016. The Electricity Company of Ghana (ECG) owed GH¢540.397million, the Volta Aluminium Company (VALCO) was in debt to the tune of GH¢117.889 million, while the Northern Electricity Distribution Company Limited (NEDCo) owed GH¢63.660 million.
The Board Chairman of GRIDCo, Mr Kabral Blay-Amihere, who made this known at the eighth annual general meeting of the company in Accra yesterday, said the indebtedness of the major customers, ECG and VALCO, were impacting extremely on the financial operations of the company.