Finance Minister announces agreement reached with Sunon Asogli

Ghana's power supply is expected to stabilize following a new agreement between the government and Independent Power Producer Sunon Asogli.

This deal addresses power disruptions caused by ECG's significant debt, amounting to $259 million as of September 2024, which led to the shutdown of Sunon Asogli’s 560-megawatt plant since October 16.

The government, represented by Finance Minister Dr. Mohammed Amin Adam, has confirmed the agreement aims to restore reliable electricity supply and is part of broader restructuring efforts with other Independent Power Producers.

This move reflects the government's commitment to achieving long-term stability in the energy sector.