The Independent Power Producers (IPPs) have reiterated to the Finance Ministry their plan to halt power supply to the national grid starting from July 1, 2023.

“We refer to our letters dated March 27, 2023 and May 25, 2023 with reference number IPGG/1/2023 and IPGG/2/2023 addressed to the Minister [Finance] by which the IPP Chamber stressed the urgent necessity for the government to prioritise payment of the outstanding arrears owed to members of the IPP Chamber to enable the IPPs to cover critical operational costs required to continue operations and pay overdue debt service”, it disclosed in a statement to the Finance Minister.

The decision to cut power was reached during an emergency meeting held on Tuesday, June 20, 2023.

The Chamber of Independent Power Producers has been urging the government to make an interim payment of 30% of the outstanding arrears owed to each IPP by June 20, 2023. However, their appeals have reportedly been disregarded by Finance Minister Ken Ofori-Atta.

According to the IPPs, members of the IPP Chamber are now at a point where they are unable to persuade their creditors, contractors, contractors, and other key stakeholders to further defer payments owed to them and to continue operations.

It therefore urged the government and the Electricity Company of Ghana (ECG) and other stakeholders to treat this reminder with the urgency it deserves and take the steps necessary to obviate such a situation.