Ghana and Nigeria reached an agreement to end dispute over gas supply. This became important after Ghanaians vented their anger over the continued power cuts affecting the nation.
Nigeria and Ghana have resolved a longtime dispute over gas supply. A statement from Kweku Sersah, Spokesman Ghana Ministry of Power revealed that the government will pay a Nigerian gas consortium $170 million it owes by February, which has made the consortium cut its supply of gas.
The money will be paid by Ghana's state power generating company, Volta River Authority to Nigeria's N-Gas in three tranches starting in November.
Sersah who said the terms are being finalized is quoted as saying on the ministry's Facebook page: "The high-powered delegation that went was able to negotiate for Nigeria Gas (N-Gas) to continue to supply the country the needed gas,"
This will come as good news to Ghanaians and will go a long way in ending the crippling power blackouts in Ghana by the end of this year
25 percent of Ghana's gas supply comes from Nigeria which it uses in the generation of electricity. Recently, the country was besieged by total blackouts as the government look for ways to tackle the issue.
This will also come as a big boost to the government's effort. The recent power cuts have been criticized by many Ghanaians who blame the government for the setback.