Ghana has settled half of its debt to energy producers who threatened to turn off the lights in the West African economy over their inability to cover operational costs.
Chief Executive of the Chamber of Independent Power Producers, Elikplim Apetorgbor, says Ghana has paid $750 million in tranches over the last three months.
The move shows Ghana is seeking to re-prioritize the settlement of the ballooning energy debt after focusing on its response to the coronavirus pandemic.
The state reacted to the health crisis with more than ¢3 billion that included providing free electricity and water to citizens, tax waivers and credit to small businesses.
Mr Apetorgbor said no new debt has accrued this year as the government has been paying weekly invoices for power.
