The Independent Power Generators, Ghana (IPGG) has commended the government for settlement of a portion of the arrears owed members.
On Monday, January 12, government announced that the energy sector debt has been substantially settled.
It said a total of $393 million was paid to the independent power producers to settle their arrears.
“The clearance of these long-outstanding obligations, including the payments made in 2025 to the Independent Power Generators, represents a major milestone in restoring financial stability and operational confidence across the power sector,” a statement issued by IPGG said.
“This achievement reflects decisive leadership, disciplined fiscal management, and a clear commitment by Government to resolving inherited structural challenges that have constrained the sector for several years.”
The IPPs commended the Ministry of Finance for its role in mobilising and deploying significant financiala resources to stabilise the sector and the Ministry of Energy and Green Transition for the disciplined implementation of the Cash Waterfall Mechanism and other reforms that have ensured improved payment performance to service providers.
“These actions have sent a powerful signal to both domestic and international investors that Ghana is firmly committed to honouring its contractual obligations, strengthening sector governance, and rebuilding credibility in its power market.”