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Business News of Monday, 12 October 2015


Nigeria to cut gas supply to Ghana over GHC100m debt

Dr. Kwabena Donkor, Power Minister Dr. Kwabena Donkor, Power Minister

The power crisis in the country is set to worsen in the coming days as Nigeria threatens to cut gas supply to the Aboadze Thermal Plant.

The development has been occasioned by the failure of government to settle its indebtedness to the Nigerian gas authorities.

According to sources within the Power sector, Ghana owes the Nigerian authorities over GHC100million.

Currently, Ghana receives in excess of 140 million standard cubic feet per day of gas from Nigeria. The supply, although not enough, has greatly enhanced power supply in the country over the last few weeks.

Speaking on recent developments in the power sector, a former Chief Executive Officer of the Volta River Authority Dr. Charles Wireku-Brobbey told Accra-based Joy FM that constant power supply in the country is not dependent on the incoming power barges from Turkey.

“The problem for us not the arrival or non-arrival of the power barges. As we speak the government owes Nigeria over GHC100million, which we are yet to settle, and that is the problem that should concern us,” he said.