 |
| BBC |
Ghana is hoping to reach
a deal with Nigeria this week over a US$103m (£70m) unpaid bill for gas after
Nigeria's gas company suspended its threat to cut supplies. Ghana has struggled to
pay its Nigerian gas bill after the Volta River Authority (VRA) utility ran out
of money because it stopped borrowing funds from banks as interest rates soared
during the country's financial crisis.
BBC report continues:
The
VRA stopped paying for gas in August last year, but last week the government
did pay US$10m, opening the way for talks on how the remaining sum will be
paid.
Ghana's
electricity industry is mired in a crisis, with tariffs too low to be
profitable, reduced supplies from the country's dams and residents stealing
power.
The
gas, which is piped from Nigeria through Benin and Togo, is used to generate a
quarter of Ghana's electricity so any cut in supply will hamper power
production.
It's also a political
problem because President John Mahama has vowed to end the blackouts by the
start of next year.
No comments:
Post a Comment