Ghana power producers threaten to walk away from debt talks

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Independent power producers “were expecting that by now half of the outstanding would be settled and a payment plan prepared for the remainder,” he said in an interview. “We are compelled to re-evaluate our concessions and may be forced to demand the full settlement of arrears.” The government has paid about $400 million as of the end of December, Apetorgbor said

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Consumers will pay higher percentages than PURC announced – ECG

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In a statement issued on August 30, 2022, signed by the Managing Director, Samuel Mahama, the ECG stated that “it is important to note that the average percentage increase is on energy consumption only, therefore the addition of statutory levies and other fixed charges will increase the average percentage announced by the PURC.”

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PDS: Government shouldn’t rush into a new concession agreement

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The sorry state of Ghana’s electricity sector is largely the result of an accumulation of policy mistakes by successive governments. Ghanaians are paying exorbitant electricity tariffs because of that, and suffering in multiple other ways as the national economy continues to be burdened by power sector-related debts and contractual liabilities. Whatever next move the GoG makes must be carefully scrutinized to ensure it doesn’t make an already bad situation worse.

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