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Sunon Asogli acted in bad faith by shutting down production – Amin Adam

Dr Amin Amina Dr. Mohammed Amin Adam

Sun, 27 Oct 2024 Source: Citi News

Finance Minister Dr. Mohammed Amin Adam has criticized Sunon Asogli Power Plant Limited for shutting down its 560-megawatt facility due to the Electricity Company of Ghana's (ECG) unpaid debt of $259 million.

This shutdown raises fears of "dumsor," or intermittent power outages, which could harm the economy.

Dr. Amin Adam assured the public that a resolution is in progress, with an agreement to settle the debt expected soon.

He explained that Asogli's demand for an additional $60 million before signing the settlement agreement was unreasonable and reflected bad faith in negotiations.

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Source: Citi News