Top officials of the Ghanaian government have arrived in Abuja to hold talks with representatives of the federal government of Nigeria, in a bid to stop the Nigerian National Petroleum Corporation (NNPC) from making a drastic cut in gas supply to Ghana.
President Buhari and President Mahama
The Ghanaian delegation will be discussing the issues around the sum of $181m owed by Ghana to Nigeria’s national oil and gas corporation which has now threatened to cut supply to its West African neighbour by 70 per cent, starting from Friday.
Should NNPC carry out its threat to drop gas supply to Ghana’s major power generation company, the country may be further plunged into darkness, an issue which has been the source of protests in recent times, with Ghanaian actress, Yvonne Nelson leading a campaign tagged #DumsorMustStop.
Ghanaian actors Van Vicker and Yvonne Nelson lead a #DumsorMustStop campaign
‘Dumsor’ is a Ghanaian term used to describe persistent, irregular and unpredictable power outages.
According to Channels Television, Nigerian gas meets about 25 per cent of Ghana’s electricity needs and a 70% cut in gas supply will further worsen the power failure that has recently become a constant feature in the country.
Falling global commodity prices are said to have also blunted the value of Ghana’s gold, cocoa and oil exports while it currently faces fiscal problems that include inflation of up to 17.4 per cent in September. The Ghanaian currency has fallen sharply in the last two years and currently has a debt-to-GDP ratio of around 70 per cent
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