Ghana's Energy Crisis: Debt Default Threatens Nationwide Blackouts

Ghana Faces Looming Power Crisis Amidst Energy Sector Debt: The government's failure to pay its debts to independent power producers, including Karpowership, threatens to plunge the nation into darkness. Minister John Jinapor warns of potentially devastating consequences if the situation remains unresolved. "If government fails to pay $400 million to Karpowership, the plant would be shut down, and 450 megawatts will be cut to the national grid," Jinapor stated. The crisis underscores the urgent need for financial solutions to avoid a national energy catastrophe. The government's spending of over 24 billion cedis last year and the projected 30 billion cedis shortfall this year highlight the magnitude of the problem. A swift resolution is crucial to ensure the stability of Ghana's power supply and prevent widespread economic disruption.