Ghana power producers call off shutdown after interim deal reached
GHANA'S independent power producers (IPPs) have suspended a threatened shutdown from July 1 after reaching an interim deal with the state-run Electricity Company of Ghana over arrears owed to them, the group said in a statement. In late May, the IPPs rejected a government proposal to restructure $1.58 billion in arrears owed them by the state as part of the West African nation's efforts to implement a $3 billion loan deal from the International Monetary Fund aimed at addressing its worst economic crisis in a generation. The group later warned of outages from July if its members did not receive…