Government clears $1.47bn legacy energy debt, saves $500m through fuel-switching — Jinapor

Dr Jinapor said the reforms had significantly reduced the accumulation of arrears in the sector, noting that the outstanding energy-sector debt stood at about GH¢80 billion when the government assumed office.47 billion in legacy debt within Ghana’s energy sector as part of ongoing measures to improve the sector’s financial stability, Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has disclosed.

He said the interventions, including debt clearance, improved payment arrangements, fuel-switching and negotiations with IPPs, were part of government’s broader strategy to stabilise the energy sector, reduce power generation costs and place the sector on a more financially sustainable footing.