VRA embarks on mission to recover all debt

The new Chief Executive Officer (CEO) of the Volta River Authority, Ing Edward Obeng Kenzo has embarked on a strategic mission to recover all debts owed the institution.

The move forms part of efforts to strengthen the financial position of VRA and invigorate its operations as the most important energy firm in the country

To this end, the CEO, Ing. Obeng Kenzo has been travelling in and out of the country engaging with both internal and external partners in effort to recover all debts owed VRA

Since assuming office, Mr. Obeng Kenzo has stepped up efforts at promoting operational growth aimed at strategically positioning VRA’s operations to help sustain energy production and meeting the energy needs of the people of Ghana.

VRA is sincerely on a mission for growth with a good record of operational growth and profit.

It recorded a profit of GH¢110.893 million in 2022, based on the Auditor General’s 2022 Report. In 2021, the Authority also registered a profit of ¢112.758 million.

According to the 2022 Auditor General Report, the total income of the firm increased by 34% to GH¢5.628 billion in 2022, from GH¢4.199 billion in 2021.

The increase in total income was due to a 38.7% increase in revenue from power sales.

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