{"id":47738,"date":"2023-07-02T19:48:26","date_gmt":"2023-07-02T19:48:26","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/ghana-power-producers-call-off-shutdown-after-interim-deal-reached"},"modified":"2023-07-02T20:04:57","modified_gmt":"2023-07-02T20:04:57","slug":"ghana-power-producers-call-off-shutdown-after-interim-deal-reached","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghana-power-producers-call-off-shutdown-after-interim-deal-reached","title":{"rendered":"Ghana power producers call off shutdown after interim deal reached"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ghana. <\/strong><\/span><b>Ghana&#8217;s<\/b> independent power producers have announced the suspension of a planned <b>shutdown<\/b> starting on July <b>1st<\/b>.<\/p>\n<p>In a statement released late on Friday, the group announced having reached a deal with state-run <b>Electricity Company of Ghana<\/b> over <b>arrears<\/b> owed to them.<\/p>\n<p>In May, the group of independent power producers <b>rejected<\/b> a government proposal to restructure <b>$1.58<\/b> billion in arrears owed to them by the state as part of the West African nation&#8217;s efforts to implement a <b>$3<\/b> billion loan deal from the <b>International Monetary Fund<\/b> (IMF).<\/p>\n<p>The loan from the <b>International Monetary Fund<\/b> is aimed at addressing <b>Ghana&#8217;s<\/b> worst economic crisis in a generation.<\/p>\n<p>According to the statement, under the new agreement, the power producers have received an interim payment offer with the understanding the government and <b>Electricity Company of Ghana<\/b> will use the grace period to work towards a permanent resolution to the debt issue.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/ghana\">Ghana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ghana. Ghana&#8217;s independent power producers have announced the suspension of a planned shutdown starting on July 1st. In a statement released late on Friday, the group announced having reached a deal with state-run Electricity Company of Ghana over arrears owed to them. In May, the group of independent power producers rejected a government [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":47737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,5099],"tags":[5092,5096,10863,10864,2709,429],"class_list":["post-47738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-to-homepage","tag-africa-press","tag-africa-press-ghana","tag-blackout","tag-debtors","tag-electricity","tag-ghana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ghana power producers call off shutdown after interim deal reached - Ghana<\/title>\n<meta name=\"description\" content=\"Ghana&#039;s independent power producers have announced the suspension of a planned shutdown starting on July &lt; 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