{"id":255562,"date":"2016-10-06T16:19:42","date_gmt":"2016-10-06T16:19:42","guid":{"rendered":"http:\/\/citifmonline.com\/?p=255562"},"modified":"2016-10-06T16:19:42","modified_gmt":"2016-10-06T16:19:42","slug":"well-take-drastic-action-against-ghana-wapco-warns","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/10\/well-take-drastic-action-against-ghana-wapco-warns\/","title":{"rendered":"We\u2019ll take drastic action against Ghana- WAPCo warns"},"content":{"rendered":"
The West African Gas Pipeline Company (WAPCo) has warned that it will take drastic action against the government of Ghana if it fails to pay debt owed the company by close of year 2016.<\/p>\n
According to the company, government\u2019s outstanding balance of 162 million dollars of which 98 million dollars is owed to WAPCo, and the remaining owed to N-Gas, is negatively affecting its operations.<\/p>\n
Speaking at conference in Accra, the Managing Director of WAPCo, Walter Perez lamented that the cash position of the company is fast deteriorating.<\/p>\n
\u201cWithout a substantial cash infusion and regular cash in-inflows, WAPCo will be forced to take drastic actions to remain viable in the short-term. As such we appeal to you once again for support,\u201d he said at the conference chaired by Petroleum Minster, Emmanuel Armah-Kofi Buah.<\/p>\n