Ghana is on the verge of a major power crisis as Karpowership, the operator of the Aboadze floating power plant, has warned it may shut down operations over an outstanding $379 million debt owed by the Electricity Company of Ghana (ECG).
The warning was issued during a February 10, 2025, meeting between Energy and Green Transition Minister John Abdulai Jinapor and Karpowership officials.
The ballooning energy sector debt, which has now surpassed $3 billion, continues to threaten the country's power supply and economic stability.
Acknowledging the urgency of the situation, Minister Jinapor urged Karpowership to delay any drastic action while the new administration seeks payment solutions. "We acknowledge the severity of the situation and are committed to finding a sustainable solution to address the financial obligations.
