Independent Power Generators (IPGs) in Ghana have welcomed the settlement of a substantial portion of legacy arrears owed to power producers, describing the move as a critical step towards restoring stability and confidence in the country’s energy sector.
In a statement issued on Monday, the IPGs commended the Government of Ghana, through the Ministry of Finance and the Ministry of Energy and Green Transition, for clearing long-outstanding debts to generation companies, including payments made during 2025. The group said the development marks a major milestone in addressing structural challenges that have constrained the power sector for several years.
According to the IPGs, the settlement reflects decisive leadership and disciplined fiscal management, and signals a clear commitment by government to honouring contractual obligations within the energy value chain. They noted that chronic arrears had previously undermined operational confidence and limited the sector’s ability to attract fresh investment.
The statement particularly highlighted the role of the Ministry of Finance in mobilising and deploying significant financial resources to stabilise the sector. It also praised the Ministry of Energy and Green Transition for the effective implementation of the Cash Waterfall Mechanism and related reforms, which have improved payment performance to service providers.
“These actions have sent a powerful signal to both domestic and international investors that Ghana is committed to rebuilding credibility in its power market,” the IPGs said, adding that investor confidence has been meaningfully restored. They said the renewed confidence positions Ghana to attract new capital, technology and long-term partnerships needed to support energy security and economic growth.
The IPGs reaffirmed their commitment to Ghana’s energy security, industrial development and economic transformation, pledging full cooperation with government and sector agencies. They said they would continue to support reforms aimed at improving efficiency, transparency and value for money across the power value chain, while sustaining reliable electricity supply nationwide.
Expressing optimism about the future, the IPGs said the collaborative approach that led to the resolution of the legacy arrears should guide ongoing engagement between government and power producers. They said such cooperation would be essential to achieving energy sustainability, financial discipline and shared prosperity for Ghanaians.
The statement was issued on behalf of IPG members including Aksa Energy, Amandi Energy, BXC Company, Cenit Energy, Cenpower Generations, Early Power, Karpowership Ghana, Meienergy Technology, Sunon Asogli Power and Trojan Power.
