Ghana has so much electricity that it is costing $450m a year
With capacity that is almost double peak-demand needs, Ghana has to pay independent producers hundreds of millions of dollars for energy it doesn’t need or use
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...