Published On: Fri, Feb 24th, 2017

Gov’t must ensure VRA’s books are improved before going to GSE

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The Institute for Energy and Climate Policy has cautioned the government of Ghana to ensure that the financial books of the Volta River Authority (VRA) is improved before it is listed on the Ghana Stock Exchange(GSE).

The Director of Research and Policy at the Institute, Dr Philip Adom in an interview with Accra-based Citi FM said investors will not put money in the VRA if the liabilities outweigh the assets.

“If you look at it from the broader perspective, yes it is good, good in the sense that once they are listed on the stock exchange people will invest in it. So in terms of the financial position we are likely to see a very improved energy sector but then there is very big ‘but’ the big ‘but’ is that currently, the financial status of these utility companies are very bad,” he said.

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