Ghana Economics

Ghana to Use $1 Billion to Restructure Power Deal,Ghana pays producers $450 million annually for excess powers

  Ghana plans to use as much as $1 billion of the Eurobonds it sold last week to help restructure the country’s obligations to independent power producers, said Finance Minister Ken Ofori-Atta.  The West African country is in talks to re-negotiate supply deals with the power companies known as IPPs. The currently take-or-pay agreements mean the government is billed even […]