{"id":317174,"date":"2017-05-08T05:50:56","date_gmt":"2017-05-08T05:50:56","guid":{"rendered":"http:\/\/citifmonline.com\/?p=317174"},"modified":"2017-05-08T05:50:56","modified_gmt":"2017-05-08T05:50:56","slug":"world-bank-blames-sole-sourcing-for-ghanas-high-power-costs","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/05\/world-bank-blames-sole-sourcing-for-ghanas-high-power-costs\/","title":{"rendered":"World Bank blames sole sourcing for Ghana\u2019s high power cost"},"content":{"rendered":"
The World Bank has blamed Ghana\u2019s relative high cost of power on the adoption of sole sourcing in the granting of power purchase agreements under the past NDC administration.<\/p>\n
The Bank has also warned of some economic consequences following the country\u2019s inability to sell off its excess power due to the high cost.<\/p>\n
The World Bank was compelled to cut back on its financial support to the private participation in the energy sector upon realizing that the country had signed more agreements than required.<\/p>\n