The Ghanaian Government has agree it would pay a Nigerian gas consortium 170 million dollars it owed by February, resolving a dispute that led the gas company threaten to cut supply. Ghana’s state power generating company, the Volta River Authority, will settle the debt to Nigeria’s N-Gas starting in November, said Kweku Sersah.
The spokesman for Ghana’s Ministry of Power Kweku Sersah made this known on Tuesday adding that 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.”
Ghana is reportedly getting about 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.
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