Today's front pages: Tuesday July 26, 2016

BUSSINESS AND FINANCIAL TIMES

WE ARE NOT GOING HIPC – SAYS TERKPER

Despite a huge revenue shortfall resulting from lower than expected crude oil prices, and the lingering power sector challenges.

PAY DEBT TO BANKS QUICKLY – ALBERT ESSIEN

Banks are reeling under the weight of non-Performing Loans (NPLs) and the cushion them, government needs to speed up payment of the over GH¢2 billion it owes the them in respect of letters of credit they issued for the import of fuel, Albert Essien, former Managing Director of Ecobank Transnational Incorporated has said.

GOV’T AGREES PAYMENT PLAN WITH WAPCo

Petroleum Minister, Emmanuel Armah-Kofi Buah has confirmed that government has agreed what he calls a ‘Master Payment Plan’with the West Africa Gas Pipeline Company (WAPCo) in a bid to restore gas supply to the country’s electricity generation companies.
Daily Guide

COP KILLS IN-LAW, 2 KIDS

A police officer attached to the Rapid Development Force (RDF) of the Tema Regional Police Command yesterday evening reportedly gunned down his two children and mother in-law before committing suicide with an AK47 assault rifle.

KOFI JUMAH CONVICTED

A Kumasi Circuit Court yesterday found Maxwell Kofi Jumah, former NPP MP for Asokwa.
TERKPER DODGES DUMSOR OWES NIGERIA GAS $150M
Finance Minister, Seth Terpker, yesterday asked parliament to approve a supplementary budget estimate of GH¢1.9 billion as against last year’s estimate of GH¢886 million, which the minister said would be used basically to pay contractors and suppliers.

             THE FINDER

DUMSOR: SITUATION BAFFLING 480 MW SHED YESTERDAY DESPITE AVAILABILITY OF LIGT CRUDE OIL

Despite taking delivery of light crude oil which is being used to run some thermal power plants, the ECG yesterday shed 480 MW of power, plunging many communities into further darkness in the worsening rolling power cuts, popularly called dumsor.
Graphic

WE’LL KEEP BUDGET IN CHECK – TERKPER

The Minister of Finance, Seth Terkper, has assured the country that the government is resolved to resist budget overruns in this election year and will sustain fiscal discipline even as it invests prudently in infrastructure and social development.