President John Dramani Mahama has announced that his government has cleared outstanding debts owed to Independent Power Producers (IPPs), bringing Ghana up to date with payments for electricity supplied to the country.
Speaking during an engagement with Ghanaians in Moscow, Russia, President Mahama disclosed that his administration inherited approximately US$1.7 billion in unpaid obligations to Independent Power Producers, alongside outstanding payments for natural gas supplied from the Jubilee Field and by ENI.
According to the President, the accumulated energy sector debts had created serious financial challenges, with some independent power producers threatening to suspend electricity supply due to delayed payments.
He said his government had successfully addressed the payment difficulties and restored regular payments to power producers for electricity supplied to the national grid.
Mahama emphasised that the government is now meeting its financial obligations to IPPs, ensuring that electricity suppliers receive payments for the power they generate.
On Ghana’s electricity supply situation, the President also declared that the country was no longer experiencing the power shortages commonly associated with dumsor.
He assured citizens that electricity supply was adequate, describing the management of the energy sector as one of the areas where his administration had recorded significant progress.
The announcement comes amid ongoing efforts to improve Ghana’s energy sector finances, strengthen electricity generation and ensure a reliable power supply for households, businesses and industries.
Source: newsthemegh.com