The government has reaffirmed its commitment to addressing the significant debts in the energy sector, promising substantial payments by the end of 2025 or early 2026.
President John Dramani Mahama, speaking at the Africa CEO Summit in Abidjan, Côte d’Ivoire, expressed serious concern over the sector’s liabilities, which currently total GH¢80 billion. He indicated that the government is actively engaging stakeholders and implementing strategies to clear arrears owed to Independent Power Producers (IPPs) and other service providers to ensure continued energy production and prevent disruptions.
“The energy sector has been our top priority. Upon my return to office, we inherited a troubled energy sector with debts nearing $2.5 billion owed to IPPs, gas suppliers, and others,” the President stated.
He emphasized that the current administration is building on the efforts of the previous government to renegotiate and manage these debts effectively. “We have strategies in place to address this issue. By the end of this year or early next year, we aim to resolve the debt satisfactorily,” he added.
About The Author
