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    NIA announces revised Ghana Card fees under new legislative instrument

    NIA announces revised Ghana Card fees under new legislative instrument

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    NIA announces revised Ghana Card fees under new legislative instrument

    NIA announces revised Ghana Card fees under new legislative instrument

    The Bank of Ghana(BoG) has reiterated its strong commitment to ensuring that the country fully harnesses the benefits of open banking as part of efforts to deepen financial inclusion and accelerate innovation within the financial sector.

    BoG Pledges Full Support for Open Banking Rollout

    A senior lecturer at the University of Professional Studies, Accra (UPSA), Dr. Eric Boachie Yiadom, has called on the government to strategically leverage the current surge in global gold prices to stabilize the Ghana cedi and strengthen the country’s economy.

    High Gold Prices Could Cushion Cedi Against Dollar Pressure – Dr. Yiadom

    Governor

    BoG Governor Hints at Interest Rate Cut as Inflation Hits 5.4% and Reserves Hit $13.8bn

    Asante Fokuo

    ATLFM’S Asante Fokuo Recognized as Cape Coast’s Longest-Serving Sports Voice

    The campaign team of New Patriotic Party (NPP) presidential aspirant, Dr. Bryan Acheampong, has strongly rejected recent opinion polls circulating ahead of the party’s January 31 presidential primaries, describing them as misleading and intended to psychologically influence delegates.

    NPP Primaries: Acheampong Team Rejects Opinion Polls, Cites Strong Grassroots Support

    Street Lights

    Ricketts-Hagan Donates 400 Street Lights to Boost Security in Cape Coast South

    Global Gold surge sparks new economic hope for Ghana

    Global Gold surge sparks new economic hope for Ghana

    Ghana acts now on child marriage ahead of 2030 target

    Why Ghana is pushing new Child Marriage Reforms before 2030

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    Uganda’s military chief denies army assaulted Bobi Wine’s wife

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    GOIL announces new fuel price cuts as petrol drops

    Women Entrepreneurs to Benefit as Government Advances New Development Bank

    New Women Development Bank to benefit entrepreneurs as plans advance

    elections

    Widespread delays hit Uganda election amid internet shutdown

    Silver hits record high, signals opportunities for Ghana’s Mining Sector

    Silver hits record high, signals opportunities for Ghana’s Mining Sector

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    World Bank flags fragile recovery despite stronger growth forecasts

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Home Featured

WAPCO Cuts Back on Gas Over $20m Debt

Comfort Sweety Hayford by Comfort Sweety Hayford
11 months ago
in Featured
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The Minister for Energy, John Jinapor, has confirmed that the West African Gas Pipeline Company (WAPCO) has cut back on gas supply to Ghana due to an outstanding debt of $20 million, heightening concerns over the country’s deepening energy crisis.
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The Minister for Energy, John Jinapor, has confirmed that the West African Gas Pipeline Company (WAPCO) has cut back on gas supply to Ghana due to an outstanding debt of $20 million, heightening concerns over the country’s deepening energy crisis.

Speaking to journalists, Mr. Jinapor revealed that Ghana’s energy sector is reeling under immense financial pressure, with a staggering GH¢80 billion debt burden that threatens the stability of electricity generation and supply.

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“As we speak today, WAPCO has curtailed gas supply due to outstanding liabilities,” the Minister said. “We are engaging with stakeholders to deal with these issues, reduce the mountain of debt, and ultimately reverse the trend.”

The situation has sparked renewed fears of a return to “dumsor,” the infamous periods of prolonged power outages that plagued Ghana in previous years. However, Mr. Jinapor was quick to allay such fears.

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“Let me be clear, there is no load shedding, and therefore, we cannot publish a load shedding timetable when we are not shedding load. This is a supply situation,” he clarified. “The official report I receive daily confirms that load management is not required at this point.”

Despite WAPCO’s move, he assured Ghanaians that there are currently no widespread outages planned, although isolated power cuts may occur due to weaknesses in the national grid, stating “Admittedly, we have inherited a very weak system. The transmission grid is fragile, and so, at the slightest challenge, some areas may go off,” he explained.

The Minister also pointed to a broader pattern of instability in the energy sector revealing that Independent Power Producers (IPPs) and other major players such as ENI have also threatened to halt supply if their financial demands are not met.

Mr. Jinapor disclosed that the government recently paid $35 million to avoid further disruptions, highlighting “IPPs are threatening to cut supply. WAPCO has already reduced gas supply. Nigeria Gas and ENI have also made threats. We had to make an emergency payment of $35 million just to hold the system together.”

He reiterated government’s commitment to keeping the lights on, adding that the 2025 Budget proposes a significant tariff increase to address ECG’s financial shortfalls and strengthen power infrastructure.

“We need to improve our substations, especially in areas like Kumasi and parts of the Volta Region. It’s a very tight and difficult situation, but we are determined to resolve it. We just ask Ghanaians to bear with us.”

Ghana’s energy sector has been plagued by chronic debt, inefficient power transmission infrastructure, and over-reliance on thermal power, which often requires expensive fuel. The country’s previous struggles with “dumsor” significantly impacted industries, households, and economic growth.

With mounting debt and increasing pressure from power producers, the Energy Ministry is racing against time to stabilize supply while managing public expectations. The current administration’s energy strategy, as highlighted in the 2025 budget, aims to inject capital, renegotiate contracts, and pursue tariff reforms to salvage the sector.

Mr. Jinapor’s latest assurances aim to rebuild public trust and prevent panic as the country navigates this difficult period.

Read More @ATLFMNEWS.COM

Comfort Sweety Hayford

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Recent News

NIA announces revised Ghana Card fees under new legislative instrument

NIA announces revised Ghana Card fees under new legislative instrument

January 28, 2026
The Bank of Ghana(BoG) has reiterated its strong commitment to ensuring that the country fully harnesses the benefits of open banking as part of efforts to deepen financial inclusion and accelerate innovation within the financial sector.

BoG Pledges Full Support for Open Banking Rollout

January 27, 2026
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