US EditionGhana Clears $1.47 Billion in Energy Debts, Finance Ministry ...
Ghana cleared $1.47 billion in energy debts, including $597 million to restore a World Bank guarantee, to improve electricity reliability and boost investor trust, officials said.
- Last year, the Government of Ghana paid US $1.47 billion to clear long-standing energy sector debts, completing payments within President John Dramani Mahama's first year and resetting the power sector.
- Legacy gas invoices and IPP obligations left long‑standing arrears that increased outages, while President John Dramani Mahama pledged last year to reduce the $2.5 billion owed to independent power producers and gas suppliers.
- The Ministry of Finance said payments included $597.15 million to fully reinstate a World Bank partial risk guarantee, about $480 million to ENI and Vitol, and about $393 million to independent power producers including Karpowership and Cenpower Generation.
- Reinstating the World Bank partial risk guarantee protects nearly $8 billion in private investment, while budget provisions and renegotiated agreements aim to secure timely obligations and boost gas output.
- The government is working with Tullow Oil and Jubilee Field partners on a payment roadmap while seeking to boost domestic gas production and reduce reliance on expensive liquid fuels.
15 Articles
15 Articles
Ghana settles $1.47 billion energy sector debt to restore power stability
Ghana also settled all outstanding gas invoices owed to energy partners ENI and Vitol, paying around $480 million, and cleared about $393 million in legacy debts to Independent Power Producers, including major suppliers such as Karpowership and Cenpower
Clearing energy sector legacy debts: IPGs commend govt for settling arrears
The Independent Power Generators (IPGs) have commended the government for settling a “substantial portion” of legacy arrears owed them. This comes on the back of an announcement by the Finance Minister, Dr Cassiel Ato Baah Forson, that the government in 2025 paid US$1.47 billion in energy sector debts. It included US$399 million paid to nine IPGs — Karpower (US$120 million), Cenpower (US$59.4 million), Amandi (US$37.9 million), Early Power (US$4…
You celebrated E-levy and IMF loans, allow us to celebrate payment of debts you left behind – Hohoe MP jabs Amin Anta
Hohoe MP, Thomas Worlanyo Tsekpo, has said that the payment of the energy sector debt by the Finance Minister, Dr Cassiel Ato Forson, is worth celebrating. Worlanyo Tsekpo was responding to Former Finance Minister Dr Mohammed Amin Adam, who had told his successor Dr Ato Forson not to hype the payement of the energy sector […]
Ghana Clears $1.47bn Power Sector Debts
By Enyichukwu Enemanna Ghana’s government in 2025 paid the sum of $1.47 billion to clear legacy energy sector debts, restoring a shaky World Bank guarantee and settling arrears with power producers, the finance ministry announced on Monday. The West African nation’s power sector has been dealing with backlog of debts that have led to a sharp increase in power cuts. President John Dramani Mahama had last year promised to reduce the $2.5 billion o…
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