The independent power producers (IPPs), the electricity generation companies that control 50 percent of Ghana’s generation mix have suspended their planned shutdown.
Majority Leader of Parliament Osei Kyei Mensah Bonsu has hinted Finance Minister Ken Ofori-Atta is expected to present the mid-year budget review to Parliament on July 27, 2023.
Former President John Mahama has made a plea to the Independent Power Producers (IPPs) to reconsider their decision to shut down their plants on July 1, 2023, due to the government's outstanding debt of $1.73 billion.
There is an impending power crisis as the Chamber of Independent Power Producers (IPPs) has directed its members to cut supply to the national grid from July 1.
First National Bank Ghana has announced that it has temporarily halted the processing of new or pending foreign exchange transactions for 30 days due to ongoing engagements with the Bank of Ghana (BoG).
Givernement has reached an agreement with banks to restructure 15 billion Ghana cedi ($1.36 billion) of locally issued U.S. dollar bonds and cocoa bills, three sources close to the negotiations have told Reuters.
Ghana is on the verge of a severe power crisis in the coming days if immediate measures are not taken to address an outstanding debt of $1.73 billion owed to the Independent Power Producers (IPPs).
The Management and the Board of Directors of the Tema Oil Refinery (TOR) have said that the Company has an extensive list of ‘conditions precedent’ for the lessee, Torentco, to satisfy to demonstrate their capabilities.
MobileMoney Limited, a prominent player in the mobile financial services sector, has achieved a significant milestone by attaining the esteemed Global System for Mobile Communications Association (GSMA) Mobile Money certification.
