Skip to main content

Nigeria To Hold Talks With Ghana Over Gas Supply Threat - ChannelsTV

By

The Ghanaian Government delegation is in Nigeria to hold emergency talks with the Federal Government, to avert a drastic gas supply cut threat.

The Nigerian National Petroleum Corporation (NNPC) said it will cut gas supply by 70 per cent to Ghana’s main power generation company by Friday, owing to unpaid debts of $181 million.
Ghana has already suffered power shortages and Nigerian gas meets about 25 per cent of its needs.
Ghana was for years one of Africa’s economic stars, but falling global commodity prices have blunted the value of its gold, cocoa and oil exports.
Its fiscal problems include inflation of up to 17.4 per cent in September, a currency that has fallen sharply in the last two years and a debt-to-GDP ratio of around 70 per cent.

Comments

Post a Comment

Popular Posts

Facebook launches Drone to add Internet in Remote Areas

By
Facebook (NASDAQ: FB) announced on July 30 that a drone they have developed called Aquila will expand internet to remote areas of the world. Their goal with the Internet.org initiative is to to boost Internet access to those living in remote places without internet access, particularly poor countries. The company will test the large solar powered drone in the near future to ensure that it works properly.
Post a Comment
Read full story »

HBD: Wizkid gets Gold Sennheiser Microphone & customised Diamond Sleeve from Malivelihood

By
Loving it!
Post a Comment
Read full story »

From Grass to Grace: Promise the Street Shoe-Rack Hawker Rewarded by Kcee, Gets Luxury Apartment

By
The story of Promise the street shoe-rack hawker is that of rising from grass to grace. The young man who was last week rewarded by Nigerian singer, Kcee who he met on the street.
Post a Comment
Read full story »