would pay a Nigerian gas
consortium the sum of 170 million
dollars it owed by February,
apparently resolving a dispute
that led the consortium to
threaten to cut supply.
Ghana’s state power generating
company, the Volta River
Authority, will settle the debt to
Nigeria’s N-Gas in three tranches
starting in November, said Kweku
Sersah, a spokesperson for
Ghana’s Ministry of Power.
Mr. Sersah however said the
terms were still being finalised.
“The high-powered delegation
that went (to the Nigerian capital,
Abuja) was able to negotiate for
Nigeria Gas (N-Gas) to continue to
supply the country the needed
gas,” Mr. Sersah said in a
statement.
Ghana’s government has
promised to end crippling power
blackouts by the end of the year.
According to media report, Ghana
gets around 25 per cent of its
power through gas from Nigeria.
The threat by N-Gas to reduce
supplies by 70 per cent would
have made it harder to achieve
the government’s goal of tackling
blackouts and raising the cost of
supply.
The issue is sensitive in the run-
up to Ghana’s election next year
that is expected to be closely
fought.
Power cuts have, however,
angered voters.
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