The Ghanaian government has resolved to the settle the outstanding 170 million dollars it owes a Nigerian gas consortium by February, an official has announced.

The development looks to have put to rest the protracted dispute, which had the consortium in Nigeria threatening to cut supply.

In a statement on Tuesday, the spokesman of Ghana’s state power generating company, Volta River Authority, Kweku Sersah, said the debt to Nigeria’s N-Gas will be settled in three tranches starting in November.

Sersah, who is the spokesman of the Ghana’s Ministry of Power, said that the terms were still being finalised, promising government’s resolve to end power blackouts by December.

“The high-powered delegation that went to the Nigerian capital Abuja was able to negotiate for Nigeria Gas (N-Gas) to continue to supply the country the needed gas,” Sersah said.

Media reports indicate that Ghana gets around 25 per cent of its power through gas from Nigeria.