From a felony and effort coverage viewpoint, the problem of the charge is prime; this is a contract credibility second for Ghana.

For years, chronic non-payment for gasoline equipped to the ability monetary resources resulted in the exhaustion of the World Bank Partial Risk Guarantee (PRG) that underpinned the Sankofa Gas Project.

That ensure used to be no longer symbolic. It used to be the felony tool that made billions of greenbacks of personal field imaginable. Its depletion signalled a major breakdown in contract self-discipline and undermined Ghana’s status with lenders and traders.

By totally repaying the quantities drawn at the PRG and clearing remarkable gasoline arrears owed to ENI and Vitol, the Government has successfully restored Ghana’s popularity as a rustic that honours its contracts even if doing so is fiscally painful.

The agreement of legacy IPP money owed is similarly vital. Unpaid energy acquire responsibilities aren’t simply accounting entries; they translate into arbitration chance, pastime accumulation, executive promises being known as, and long-term power on price lists.

Paying down those liabilities reduces felony publicity and strengthens Ghana’s negotiating place going ahead.

This does no longer imply price lists will unexpectedly fall. It does no longer imply the power monetary resources is “fixed.” But it does imply one thing important has took place: there might be renewed self assurance in Ghana’s power monetary resources.

Energy steadiness isn’t constructed on rhetoric. It is constructed on contracts, promises, and charge self-discipline. This reset, although pricey, used to be essential.

When we speak about electrical energy price lists, IMF programmes, or long term energy investments, this context issues.

The lighting fixtures keep on when the contracts are honoured.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made via Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.