Stakeholders commend VRA for making the Authority Profitable
Stakeholders of the Volta River Authority (VRA) have highly commended the Board, Management and Staff for assiduously working to raise the financial fortunes of the Authority from losses to posting profits in the 2020 and 2021.
The Board Chairman, Mr. Kofi Tutu Agyare made it known that notwithstanding the post-COVID-19 challenges, the Authority ended the year 2021 with a Net profit of GHS112.76 million, marking the second year of profitability after the implementation of the Financial Recovery Plan (FRP), and the first for the current Board.
The stakeholders present included the representatives of the Ministry of Energy, Ministry of Finance, SIGA, PURC, ECG, GRIDCo, Parliamentary Select Committee on Mines and Energy. They appreciated the Board, Management and Staff of the Authority for demonstrating resilience, tenacity and excellent work-culture that have led to a remarkable financial turnaround.
The Chairman of the Mines and Energy Committee of Parliament, Hon. Samuel Atta-Akyea, who is also the Member of Parliament for the Abuakwa South constituency, was extremely impressed about the fiscal policy measures implemented by Management that have transformed the Authority’s revenue generation and improved operational performance.
The Chairman of the Mines and Energy Committee of Parliament, Hon. Samuel Atta-Akyea, who is also the Member of Parliament for the Abuakwa South constituency, was extremely impressed about the fiscal policy measures implemented by Management that have transformed the Authority’s revenue generation and improved operational performance.
Downloads:
- Board Chairman's Statement on the Operational and Financial Performance of VRA for the year ended December 31, 2021
- Chief Executive's Presentation on the Operational and Financial Performance of VRA for the year ended December 31, 2021
