Ghana National Gas receives over $10million in Cash Waterfall Revenue for 2024
The 2024 semi-annual report of the Public Interests and Accountability Committee has revealed that the Ghana National Gas Limited Company (GNGLC) received a total Cash Waterfall Mechanism (CWM)/Natural Gas Clearing House (NGCH) revenue totalling US$10,173,638.56 towards invoices for 2024. This revenue represents payments for Lean Gas sales, covering invoices dated between November 2023 and April 2024, owing to the two-month lag in payments processed through the CWM/NGCH. Additionally, the report highlights that the Ghana National Petroleum Corporation (GNPC) received a substantial $25,200,000.00 from the Cash Waterfall Mechanism/Natural Gas Clearing House over the same period. These figures underscore the critical role of...
