Business News of Saturday, 8 February 2020Source: www.ghanaweb.comGhana to commit $1 billion Eurobond proceeds to address energy sector challenges – MinisterKen Ofori-Atta, Finance MinisterFinance Minister, Ken Ofori-Atta, says one billion dollars of the country’s recently secured Eurobond money will be used to address issues in the energy sector. This move, the Finance Minister believes, will go a long way to address key bottlenecks in the energy sector. Speaking on Joynews’ NewsFile programme, Ken Ofori-Atta raised concerns about the need to reform the current 'take or pay' structure with the various Independent Power Producers (IPP) amongst others. However, the country is making every effort to ensure that the electricity distribution assets are secured and properly managed, he noted. Therefore, it intends to deliver a sustainable, fair and balanced energy sector for all stakeholders - domestic and international.

Source: GhanaWeb February 08, 2020 15:00 UTC