The Ghanaian government says it has settled more than 1.4 billion dollars in energy sector debt, ending years of arrears that threatened power generation and weakened investor confidence.
According to the presidency, when President John Mahama took office in January 2025, the energy sector was close to collapse after prolonged unpaid bills linked to the Offshore Cape Three Points (OCTP) gas field.
The government has assured stakeholders that new budgetary safeguards have been introduced to prevent the buildup of fresh debts, stressing that stable energy financing is essential for jobs, industrial growth, and regional power trade.
