Business News of Friday, 4 December 2020Source: www.ghanaweb.com‘Dumsor will not return’ – Government quells fears following threats by IPPsThe threat by the chamber prompted fears of a return to 'dumsor'The Finance Ministry has quelled fears that power cuts, popularly known as “dumsor”, will return following threats by Independent Power Producers (IPPs) to strike over government indebtedness to them. “Government has saved the energy sector over US$5 billion by relocating Karpowership Ghana Company Limited and securing agreements with CENIT Power Limited and Cenpower Generation Company Limited, with more savings to come,” the statement from the Finance Ministry explained. Despite the challenges, this government has prioritised making payments to the IPPs to reduce the debts,” the statement added. The threat by the chamber prompted fears of a return to dumsor. Read the full statement from the Ministry of Finance below:Send your news stories to and features to .

Source: GhanaWeb December 04, 2020 10:41 UTC