Name: Ghana settles $1.47B energy sector debt to restore power stability
Uploaded: 2026-01-12T15:55:11.498Z
Duration: 47 s
Description: 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

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

Accra

The government of Ghana has announced the settlement of $1.47 billion in energy sector debts during 2025. According to officials, this move is intended to restore stability and international credibility to the country's power system, which had faced challenges due to longstanding arrears.

The Ministry of Finance confirmed that the payments included $597.15 million to fully reinstate a World Bank partial risk guarantee. The comprehensive settlement was completed within President John Dramani Mahama's first year in office and is seen as a decisive reset for the sector after years of financial strain.

Ghana settles $1.47B energy sector debt to restore power stability

The government of Ghana has announced it paid US$1.47 billion in 2025 to clear long-standing debts in the energy sector, remove official say, restore stability, and international credibility to the country's power system. According to the Ministry of Finance, the payments included US$597.15 million to fully reinstate a World Bank partial risk guarantee that had been exhausted under previous administrations. Officials say the comprehensive settlement, completed within President John Dramani Mahama's first year in office, marks a decisive reset of the power sector after years of arrears that threatened electricity reliability and investor confidence.

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