ESLA Plc being the body charged with the responsibility of raising money to clear the energy debt has announce that it has so far raised GH¢615,947,860 through its bond that it reopened of Monday January 24 to Wednesday January 26.

The bond is a ten year bond and was aimed at raising GHc130 billion  from the market, a mark it has achieved over six times the target.

November last year the ESLA Plc issued a 7 year and 10 year bond which is aimed at raising a GHc 6 billion to settle the outstanding debt in the sector, however the body raised GHc 4.7 billion in all.

Speaking to Accra based radio station Citi FM, Boakye Agyarko, the Energy Minister had stated that the government will be back on the market to raise the GHc 6 billion as a remainder of the GHc 10 billion estimated debt in the Energy sector.

He said, “We will come back to market in March…to raise the balance of about 6 billion cedis”.

Although ESLA Plc targeted interest rates beyween 19% and 19.4%, it achieved far below the target.

Ghanaguardian.com