Energyeconomy News

Ghana's Economic Crisis Casts Shadow of Darkness

Ghana is experiencing widespread power blackouts due to gas shortages at a major power facility, exacerbating the country's severe economic crisis. The Ghana Grid Company (GRIDCo) reported a supply gap of 550MW at peak time, attributing it to limited gas supply. Ghana heavily relies on natural gas for power generation and has long struggled with power outages, locally known as "dumsor." Recent studies predict that the energy crisis will worsen in the coming years. The country's economic woes, including high inflation, a weakening currency, mounting debts, and low public revenues, have led to protests and calls for the removal of the central bank chair.