Mahama orders purchase prepaid meters worth $80 million

Mahama orders purchase prepaid meters worth $80 million

President Mahama has ordered for the purchase of more Smart Pre-paid meters in a deal worth US$80 million.

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According to Kasapa FM online, the president in a letter-referenced OP/CA.1/V.6 dated 17th May, 2016 authorized the government of Ghana to enter into a credit facility agreement with Cal Bank Limited for an amount of US$80million for the procurement of Smart Pre-paid meters and accessories for the Electricity Company of Ghana Limited.

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Once the contract is approved by Cabinet and Parliament, the Government will then enter into an on lending agreement with the Electricity Company of Ghana to establish an account in to which an agreed percentage of revenues will be lodged for the purpose of debt service payment.

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