Politics

Ghana’s Mahama Targets Energy Sector Debt Clearance by Early 2026

The government has reiterated its commitment to clearing debts in the energy sector, assuring that substantial payments will be made by the end of 2025 or early 2026.

President John Dramani Mahama, addressing participants at the Africa CEO Summit in Abidjan, Côte d’Ivoire, expressed deep concern over the sector’s mounting liabilities, which currently stand at GH¢80 billion.

He revealed that the government is actively engaging stakeholders and implementing measures to clear arrears owed to Independent Power Producers (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 added.

Related posts

Government Secrecy Suspected in Cocaine Plane Controversy

quasi

Lawyers of Ofori-Atta respond to OSP

admin

About 99% of appointees are NDC faithfuls – Felix Kwakye Ofosu

admin

Bawumia Admits Mistakes, Pleads for Ghanaians’ Mercy

quasi

Goaso’s Own Justice Baffoe-Bonnie Named Acting Chief Justice

quasi

No Solution in Retired Nurses for Health Crisis, Akosua Manu Argues

quasi

Leave a Comment