The government has settled the US$1.470 billion energy sector debt
The Independent Power Generators (IPGs) Ghana has confirmed the settlement of the US$1.47 billion energy legacy debt, acknowledging payment by the government.
According to the IPGs, the clearance of these long-outstanding debts includes payments made in 2025 to the IPGs, marking a major step toward restoring financial stability and operational confidence.
In a statement issued on Monday, January 12, 2025, and sighted by GhanaWeb Business, the generators noted that the government’s intervention demonstrates its full commitment to resolving inherited structural challenges that have plagued the sector for years.
“These actions have sent a powerful signal to both domestic and international investors that Ghana is firmly committed to honouring its contractual obligations, strengthening sector governance, and rebuilding credibility in its power market. As a result, investor confidence in Ghana’s energy sector has been meaningfully restored, positioning the country to attract new capital, technology, and long-term partnerships,” the statement read.
Government settles US$1.470 billion energy sector debt within first year
The government, through the Ministry of Finance, on January 12, 2026, said it had settled the US$1.47 billion debt owed to the IPGs.
In its statement, the government explained that the payment is intended to help rescue and reset Ghana’s long-standing energy crisis.
The IPGs, however, reaffirmed their commitment to further restoring investor confidence in the sector, promoting efficiency, and supporting ongoing energy sector reforms.
SP/AE
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Source:
www.ghanaweb.com