Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Ghana power producers call off shutdown after interim deal reached

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…
Read More