Ghana’s Power Abundance Turns to Burden as Energy Debts Mount
- Debt levels could rise if outstanding payments aren’t cleared
- Power producers say they may be forced to shut their plants
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Ghana lured investors to its power industry to end chronic electricity shortages with deals it can no longer afford.
The deals’ terms require the government to pay for electricity generated even if there’s no demand for it. The move helped Ghana end its power crisis by 2016, boosting its generation to about 4,600 megawatts, well above national peak demand of 2,700 megawatts.