{"id":304021,"date":"2017-03-23T08:34:39","date_gmt":"2017-03-23T08:34:39","guid":{"rendered":"http:\/\/citifmonline.com\/?p=304021"},"modified":"2017-03-23T08:34:39","modified_gmt":"2017-03-23T08:34:39","slug":"vra-debt-160-million-cedis-to-be-paid-end-of-march","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/03\/vra-debt-160-million-cedis-to-be-paid-end-of-march\/","title":{"rendered":"VRA debt: 160 million cedis to be paid end of March"},"content":{"rendered":"
About 160 million cedis is expected to hit the accounts of banks that are owed the energy sector debts, by the end of March 2017.<\/p>\n
[contextly_sidebar id=”ZBRuxq0nb64UgrEdO1JJj1YqyWwNjXM7″]This is according to the President of the Ghana Association of Bankers, Alhassan Andani.<\/p>\n
The payment will be the first to be made this year since the erstwhile NDC government commenced payments to the affected banks in August last year.<\/p>\n
\u201cIt\u2019s a restructured facility it\u2019s about coming in at 160 million cedis at the end of March,\u201d he said.<\/p>\n
Mr. Andani added, \u201cGovernment is on schedule with the reductions as was agreed, we have received our advanced payments. We have two hundred and fifty million; we have received the September quarterly payments and also received the December quarterly payments with invoices for March and there is every indication that we will get paid so that is really coming down.\u201d<\/p>\n