Ghana’s $1. 47B Energy Debt Payment Restores Power Sector Stability. Accra, Ghana — January 12, 2026 Lead Paragraph: The Government of Ghana has successfully settled a substantial $1.
47 billion debt in the energy sector, a move that officials assert will restore stability and international credibility to the nation’s power system.
The payment, made in 2025, is a pivotal step towards ensuring reliable electricity supply and fostering economic growth.
The comprehensive settlement, completed within President John Dramani Mahama’s first year in office, included a $597.
15 million payment to reinstate a World Bank partial risk guarantee. This guarantee was instrumental in attracting nearly $8 billion in private investments for the Offshore Cape Three Points gas field and the Sankofa Gas Project.
Additionally, Ghana settled all outstanding gas invoices owed to energy partners ENI and Vitol, totaling approximately $480 million, and cleared about $393 million in legacy debts to Independent Power Producers, such as Karpowership and Cenpower.
According to the Ministry of Finance, the debt clearance marks a decisive reset of the power sector, which had been threatened by years of arrears that compromised electricity reliability and investor confidence.
The government has also implemented budget provisions and renegotiated agreements with upstream partners to ensure future payments are current and to boost domestic gas output. Government officials and the Ministry of Finance view the payment as a critical step toward restoring stability and credibility.
The media has echoed these sentiments, emphasizing the financial burden lifted by the payment and the potential for improved energy infrastructure.
The government’s intervention is expected to end an era of unchecked accumulation and lay the groundwork for more stable energy delivery and economic growth. Further details regarding the long-term impact of this settlement are expected as the situation continues to unfold.
Source: Ghana settles $1. 47 billion energy sector debt to restore power stability — Africanews. Com/2026/01/12/ghana-settles-147-billion-energy-sector-debt-to-restore-power-stability/ (africanews.
*Additional reporting by ImNews | Sources consulted: 5*
