Business
Nigeria suspends threat to cut gas to Ghana
In from Timothy Enietan-Matthews (Nation’s capital) . . .
A planned cut of gas supply by Nigeria to Ghana from Friday, has been delayed, as the two countries held an emergency meeting in Abuja over an outstanding debt of about $181 million, owed the West African Gas Company (WAPCo)
The planned cut would have aggravated the West African country’s already worsening energy crisis.
Ghana was facing electricity blackouts and the threat to cut supply by 70 percent could have worsened the problems and presented an extra headache for the government.
According to Harriet Wereko-Brobby, spokeswoman for WAPCo, Ghana’s Minister for Power, Kwabena Donkor, led a government delegation to Abuja that began talks on Thursday with N-Gaz, a Nigerian consortium, and other stakeholders in a bid to avert the threat.
“By next week we are expecting a way forward,” she told Reuters.
Read also: FAAC seeks review of price regime in gas sector
“There appears to be a will by all the parties to resolve the issue without the flow of gas being cut off.”
Power cuts have raised the cost of doing business and angered voters at a sensitive time for President John Mahama’s government ahead of what is expected to be a tough re-election battle next year.
Mahama has vowed to end the power cuts by the start of next year and Donkor has said he would resign if the problem has not been fixed by then.
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