Independent Power Generators (IPGs) in Ghana have commended the government for settling a significant portion of legacy arrears owed to power generation companies.
A statement issued by IPG’s Finance and the Ministry of Energy and Green Transition for ensuring the timely settlement of the arrears.
This comes after the Ministry of Finance announced that it has paid a total of US$1.47 billion within its first year in office to clear longstanding energy sector debts.
“As of 31 December 2025, the government has fully repaid US$597.15 million, inclusive of interest, drawn on the World Bank Guarantee,” the ministry stated, adding that the repayment has fully restored the facility and reaffirmed Ghana’s standing as “a credible and reliable partner on the global stage”.
The statement issued by the IPGs said, “The clearance of these long-outstanding obligations represents a major milestone in restoring financial stability and operational confidence across the power sector.”
According to IPGs, payments made in 2025 to independent power producers reflect “decisive leadership, disciplined fiscal management, and a clear commitment by government to resolving inherited structural challenges”.
“These actions have sent a powerful signal to both domestic and international investors that Ghana is firmly committed to honouring its contractual obligations,” the statement added.
It added, “As a result, investor confidence in Ghana’s energy sector has been meaningfully restored, supporting economic transformation and industrial development.”
IPGs indicated that they remain committed to Ghana’s energy security and pledged to continue working with the government to maintain a reliable power supply.
“We remain confident that the collaborative spirit demonstrated in the resolution of these legacy arrears will continue to guide the government-IPG-IPG partnership towards a future of energy sustainability, financial discipline, and shared prosperity for the people of Ghana,” the statement added.
By: Rainbowradioonline.com/Ghana
