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Ghana-based IPPs face shake-up with new president

Nana Akufo-Addo became Ghana’s new president this month and is expected to squeeze the country’s power sector to pay off debts Nana Akufo-Addo became Ghana’s new president this month and is expected to squeeze the country’s power sector to pay off debts.
By Miriam Malek 18 January 2017 Middle East & Africa / Pipelines, Storage & Power 0 23565
Ghanaian President Nana Akufo-Addo took office on 7 January. (PA)

Ghana’s new president is set to shake up the country’s gas and power industry through a number of legal and fiscal changes, and independent power producers (IPPs) are likely to feel the burn, industry sources have told Interfax Natural Gas Daily.

Nana Akufo-Addo took office on 7 January, and one of his major tasks while in power will be to find ways to boost the monetisation of the power sector to slash its debts, which are weighing on state finances.

"We expect the government to ring-fence the...