Government has pledged to clear substantial portions of its debts in the energy sector by the end of 2025 or early next year.
President John Dramani Mahama, speaking at the Africa CEO Summit in Abidjan, Côte d'Ivoire, expressed deep concern over the sector's ballooning debt, which he disclosed has reached GH¢80 billion.
He said government is engaging stakeholders and taking concrete steps to settle arrears owed to Independent Power Producers (IPPs) and other service providers to sustain energy production and prevent potential disruptions. "On my second coming we met a messed up energy sector with debts almost 2.5 billion owed to independent power producers, to gas suppliers, and everybody.
The previous government started it but we are continuing it.
