Independent Power Producers (IPPs) in Ghana can afford a sigh of relief as the John Dramani Mahama led National Democratic Congress (NDC) government has reiterated its commitment to clearing debts that has plagued the energy sector by early 2026.
Addressing participants at the Africa CEO Summit in Abidjan, the capital of Ivory Coast, President Mahama expressed deep concern over the sector’s increasing liabilities, which currently stand at GH¢80 billion and assured that substantial payments will be made by the end of 2025 or early 2026.
According to him, government is actively engaging stakeholders and implementing measures to clear the arrears owed IPPs and other service providers, to sustain energy production and prevent disruptions.
“The energy sector has been number one in terms of priority. On my second coming, we met a messed-up energy sector with debts of almost 2.5 billion owed to Independent Power Producers, to gas suppliers, and everybody,” the President said.
“And so what the previous [government] started, we are continuing. We have been trying to renegotiate the debt and see how we can ring fence it. We have some strategies for dealing with it.
“By the end of the year, early next year, we should be able to make everybody happy in terms of dealing with that debt,” he stated.
