January 16 — According to a report by Ghana’s "Joy Online" on January 13, despite the Ghanaian government’s previous claims of having made substantial payments to settle arrears in the energy sector, a Joy Online investigation reveals that the government still owes independent power producers (IPPs) over $700 million in historical debt. The government had earlier announced that it had cleared approximately $1.47 billion in energy sector debts by 2025, including $393 million paid to independent power producers (IPPs). **Chempricehub Analysis** **Polyaluminum Chloride, Bull-Bear Score: -1** The article indicates that the Ghanaian government owes independent power producers over $700 million in debt. Although partial payments have been made, financial constraints in the energy sector may hinder the operation of power plants. As a key chemical for water treatment in power generation, the demand for polyaluminum chloride faces downside risks, exerting a generally bearish impact on spot prices, which are expected to come under pressure. **Polyacrylamide, Bull-Bear Score: -1** Ghana’s energy debt issue may lead power producers to scale back investments and reduce procurement of water treatment systems. As a related chemical, the demand for polyacrylamide is likely to weaken, putting downward pressure on spot prices. This event indirectly but significantly affects market sentiment, with the score reflecting a generally bearish trend.