Ghana’s unbiased energy producers have introduced the suspension of a deliberate shutdown beginning on July 1st.
In an announcement launched late on Friday, the group introduced having reached a take care of state-run Electrical energy Firm of Ghana over arrears owed to them.
In Could, the group of unbiased energy producers rejected a authorities proposal to restructure $1.58 billion in arrears owed to them by the state as a part of the West African nation’s efforts to implement a $3 billion mortgage deal from the Worldwide Financial Fund (IMF).
The mortgage from the Worldwide Financial Fund is aimed toward addressing Ghana’s worst financial disaster in a technology.
In line with the assertion, below the brand new settlement, the facility producers have acquired an interim cost supply with the understanding the federal government and Electrical energy Firm of Ghana will use the grace interval to work in the direction of a everlasting decision to the debt difficulty.
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