Parliament has called on the Minister of Finance and the Minister of Energy, Mr John Peter Amewu to as a matter of urgency, activate the cash waterfall scheme and other prudent measures to address the debt accumulation in the energy sector.
The lawmakers further called on the Minister of Finance, Mr Ken Ofori Atta to conduct an audit to determine the level of indebtedness among the State Owned Enterprises (SOEs) in the Energy Sector.
Moreover, the legislators urged the Minister of Finance to consider issuing a new bond to finance the remaining legacy debts in the Energy Sector.
Dr Mark Assibey-Yeboah, Chairman of the Finance Committee whilst presenting a Report of the Finance Committee of Parliament expressed the need to address the growing indebtedness in the sector in order to avert any potential power crisis.
Parliament on Tuesday, approved the Annual Report on the management of the energy sector levies and accounts for the year 2018.
The purpose of the Annual Report is to inform Parliament on the Management and use-of the funds realized from the imposition of the levies under Act899.
