Ghana’s independent power producers spurn $1bn debt restructuring offer
The Independent Power Generators, Ghana, has denied reaching an agreement with the government to restructure the $1.0 billion debt owed its members. According to its Chief Executive Officer, Dr. Elikplim Kwabla Apetorgbor, negotiations have not been concluded. In a statement, he said misleading statements about the status of the negotiations have significant repercussions, including pressures and demands from the members' principals. “I refer to pronouncements by the Minister for Finance and Minister of State at the Ministry of Energy suggesting that an agreement has been reached with IPPs is inaccurate. Let me categorically state that no such agreement has been...
