Ghana has cleared $1.47 billion in outstanding energy sector debts, a move the government says is aimed at restoring stability, strengthening investor confidence and safeguarding reliable electricity supply. The Ministry of Finance said the payments were made between January and December 2025 to settle arrears owed to gas suppliers, power producers and international partners, according to Reuters.
The debt clearance included the restoration of a $500 million World Bank Partial Risk Guarantee, which had previously been drawn down to support gas supply for power generation, the ministry said. Details released by the government show that about $597 million went toward replenishing the World Bank guarantee, while roughly $480 million was paid to gas suppliers including ENI and Vitol, and around $393 million was settled with Independent Power Producers after contract renegotiations.
Finance Minister Cassiel Ato Forson said the intervention marked a decisive reset for Ghana’s energy sector, adding that provisions have been made in future budgets to ensure timely payments and prevent the reaccumulation of arrears. He noted that ongoing engagements with upstream producers and power sector stakeholders are intended to secure uninterrupted gas supply and stable electricity generation, as outlined by the ministry.
Industry analysts say the move has helped restore confidence among investors and development partners, easing concerns over payment risks that had weighed on the sector. The comprehensive settlement is expected to improve power reliability and support broader economic growth, according to assessments by regional energy analysts and reports from Africannews.
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