Ghana has launched a three-month consultation process to review current take-or-pay structures governing local gas and power markets, according to Finance Ministry chief director Patrick Nomo.
Excess supply in the domestic economy is undermining the energy sector and poses serious financial risks to the wider economy, he said.
The move follows a budget review undertaken by the Finance Ministry, which announced steps to ensure the cancellation of all take-or-pay agreements that it says place a strain on government resources.
