Accra — Ghana has too much power and gas, and that’s a bad thing for government finances.

With capacity that’s almost double the country’s peak demand needs, Ghana’s electricity utility has to pay independent producers about $450m every year for energy that it doesn’t need or use. This adds to the sector’s liabilities, which are the biggest debt threat to a nation that seven months ago completed its 16th bailout programme with the International Monetary Fund...

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