You are here: HomeBusiness2024 10 27Article 1999169

Business News of Sunday, 27 October 2024

    

Source: Citi News

Sunon Asogli acted in bad faith by shutting down production – Amin Adam

Dr. Mohammed Amin Adam Dr. Mohammed Amin Adam

Finance Minister Dr. Mohammed Amin Adam has criticized Sunon Asogli Power Plant Limited for shutting down its 560-megawatt facility due to the Electricity Company of Ghana's (ECG) unpaid debt of $259 million.

This shutdown raises fears of "dumsor," or intermittent power outages, which could harm the economy.

Dr. Amin Adam assured the public that a resolution is in progress, with an agreement to settle the debt expected soon.

He explained that Asogli's demand for an additional $60 million before signing the settlement agreement was unreasonable and reflected bad faith in negotiations.

Read full article