2026 SONA: Power Sector Restructuring Yields $250m In Savings – Mahama

Mahama Restructures $1.1B Power Debt, Cuts $250M From IPP Bills

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/mahama-restructures-1-1b-power-debt-cuts-250m-from-ipp-bills/President John Dramani Mahama has announced the successful renegotiation of Ghana’s outstanding obligations to all nine Independent Power Producers (IPPs), securing $250 million in immediate savings while restructuring $1.1 billion in legacy power sector debt for phased repayment between 202…

2026 SONA: Power Sector Restructuring Yields $250m In Savings – Mahama

President John Mahama has revealed that the renegotiation of Power Purchase Agreements (PPAs) with nine Independent Power Producers (IPPs) has saved the country US$250 million. The President who made this known in his 2026 State of the Nation (SONA) in Parliament said apart from saving the country some money, the government has also restructured US$1.1 billion in legacy debt for payment between 2026 and 2028. “To address the high cost of power, …