Ghanaian President , John Mahama today reached an agreement with the Nigeria government represented by NNPC GMD Ibe Kachiukwu, to pay off the N33.8 billion owed Nigeria from the gas supply provided by a Nigerian gas company, N-Gas, the main supplier of gas to Ghana’s Volta River Authority through the West African Gas Pipeline.
The N-Gas buys gas from NNPC and transports it to its customers in Benin, Togo and Ghana. The N-Gas had recently threatened to cut gas supply by 70% to Ghana’s main power generation company due to unpaid debts of $181m (33.8bn).
Source;LIB
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