{"id":92665,"date":"2015-02-19T07:23:10","date_gmt":"2015-02-19T07:23:10","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=92665"},"modified":"2015-03-24T08:10:11","modified_gmt":"2015-03-24T08:10:11","slug":"npa-settles-ghc-412-million-debt-owed-bdcs","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=92665","title":{"rendered":"NPA settles GHC 412 million debt owed BDCs"},"content":{"rendered":"<p id=\"yui_3_16_0_1_1424282722452_12118\" class=\"yiv2546233190MsoNormal\"><span id=\"yui_3_16_0_1_1424282722452_12119\">The National Petroleum Authority says it \u00a0has settled the \u00a0GHC 412 million debt owed the Bulk Oil Distribution Companies(BDCs).<\/span><\/p>\n<p class=\"yiv2546233190MsoNormal\"><span id=\"yui_3_16_0_1_1424282722452_12119\">The amount covers the last of debt owed the companies.<\/span><\/p>\n<p id=\"yui_3_16_0_1_1424282722452_12120\" class=\"yiv2546233190MsoNormal\"><span id=\"yui_3_16_0_1_1424282722452_12121\">[contextly_sidebar id=&#8221;MmP96epu2hZO7ckGid8Kx1YeIAcVSDFv&#8221;]Last year, the authority paid GH<a href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/12\/30\/npa-review-fuel-prices-following-ghc-200m-payment-bdcs\/#sthash.z24dvKxd.dpbs\" target=\"_blank\"><span style=\"color: #666699;\"><strong>C 200 million<\/strong> <\/span><\/a>out of its GHC 412 million debt owed the BDCs.<\/span><\/p>\n<p class=\"yiv2546233190MsoNormal\">The monies used for the part payment was accrued after the Authority\u2019s refusal to reduce petroleum prices to reflect the crude oil prices on the world market.<\/p>\n<p class=\"yiv2546233190MsoNormal\"><span id=\"yui_3_16_0_1_1424282722452_12282\" style=\"line-height: 1.5;\">The Chief Executive Officer of NPA,Moses Asaga in a statement copied to <strong>Citi Business News<\/strong>\u00a0said\u00a0that the NPA had paid the oustanding debt owed the BDCs.<\/span><\/p>\n<p class=\"yiv2546233190MsoNormal\"><span id=\"yui_3_16_0_1_1424282722452_12282\" style=\"line-height: 1.5;\">Moses Asaga explained that his outfit \u2018\u2019<\/span><span id=\"yui_3_16_0_1_1424282722452_12283\" style=\"line-height: 1.5;\">continued to use the windfall from crude oil prices\u00a0to pay off a debt of GHC412 million under-recoveries owed BDCs.&#8221;<\/span><\/p>\n<p id=\"yui_3_16_0_1_1424282722452_12286\" class=\"yiv2546233190MsoNormal\"><span id=\"yui_3_16_0_1_1424282722452_12287\">It further noted that\u2018\u2019based on the reduced price, NPA has projected to complete payment of the debt of GHC412 million owed the BDCs by end of February 2015.&#8221;<\/span><\/p>\n<p class=\"yiv2546233190MsoNormal\"><span id=\"yui_3_16_0_1_1424282722452_12287\">&#8220;I am indeed pleased to announce that the mission is accomplished,&#8221; it added.<\/span><\/p>\n<p class=\"yiv2546233190MsoNormal\">The NPA earlier promised consumers a reduction in prices of fuel.<\/p>\n<p class=\"yiv2546233190MsoNormal\">&#8211;<\/p>\n<p class=\"yiv2546233190MsoNormal\">By: Lorrencia Nkrumah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Petroleum Authority says it \u00a0has settled the \u00a0GHC 412 million debt owed the Bulk Oil Distribution Companies(BDCs). The amount covers the last of debt owed the companies. [contextly_sidebar id=&#8221;MmP96epu2hZO7ckGid8Kx1YeIAcVSDFv&#8221;]Last year, the authority paid GHC 200 million out of its GHC 412 million debt owed the BDCs. The monies used for the part payment [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[43,38,4],"class_list":["post-92665","post","type-post","status-publish","format-standard","hentry","tag-foresight-medical-center","tag-palaver-newspaper","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/92665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92665"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/92665\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}