President John Dramani Mahama has reaffirmed the government’s commitment to addressing the growing debt in Ghana’s energy sector, with plans for substantial payments to be made by the close of 2025 or early 2026.
Speaking at the Africa CEO Summit in Abidjan, Côte d’Ivoire, Mahama highlighted the sector’s troubling GH¢80 billion debt, expressing urgency over the situation.
He assured that the government is working closely with stakeholders to resolve the arrears owed to Independent Power Producers (IPPs) and other service providers, ensuring stable energy supply and preventing potential disruptions.
“The energy sector has always been our top priority,” Mahama stated. “When we took office again, we inherited a sector burdened with nearly GH¢2.5 billion in debts to IPPs and gas suppliers.
The steps taken by the previous administration are being continued, as we work on renegotiating and strategizing a solution to ring-fence this debt.”
He concluded by saying that the government aims to fully address the energy sector’s financial issues by the end of this year or early next year, bringing relief to all affected parties.
