The Member of Parliament (MP) for Yapei-Kusawgu Constituency, John Jinapor, has disclosed that Ghana\u2019s energy sector is at the verge of collapse.<\/p>\n During an interview on Joy News monitored by MyNewsGh.com, John Jinapor disclosed how some revenues collected were not account for and could not be traced, adding that that the Public Utilities Regulatory Commission (PURC) emphasized in their report that the monies could not be accounted for.<\/p>\n \u201cECG made a significant collection of revenue based on that revenue drive but if you read the PURC report, they indicated that the money did not come through the cash waterfall mechanism. So it means the money was not accounted for, the money can\u2019t be traced, and we cannot tell how the money was used,\u201d he claimed.<\/p>\n John Jinapor further disclosed that the former ECG MD Mahama Dubik indicated that the finance minister directed him to procure some light crude oil outside the remit of the cash waterfall mechanism which created a huge problem.<\/p>\n He emphasized that all the losses witnessed which is about 32% is an indication that the Energy Sector is on the verge of collapsing. <\/p>\n He further expressed concern about the inability of the government to address the issue which has caused load shedding.<\/p>\n The Former Deputy Minister of Power reiterated that the sector is crumbling and the debt keeps mounting up.<\/p>\n \u201cMy worry is that the energy sector is at the verge of collapsing\u201d, he lamented during the interview.<\/p>\n Watch the latest edition of BizHeadlines below:<\/b><\/p>\n![\"MP](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/623\/62376215.295.jpg\" "\\"MP")
MP for for Yapei-Kusawgu Constituency, John Jinapor<\/span><\/span><\/p>\n<\/div>\n