Ghana’s government paid $1.47 billion in 2025 to settle legacy energy sector debts, restoring a depleted World Bank guarantee and clearing arrears owed to power producers. The West African nation’s power sector has long struggled with unpaid debts, which contributed to widespread electricity outages.

Last year, President John Dramani Mahama pledged to reduce the $2.5 billion owed to independent power producers and gas suppliers. In response, the Independent Power Producers described the debt clearance as a major milestone, saying it will help restore financial stability and operational confidence across the sector. Thami Ngubeni spoke to Dr Elikplim Kwabla Apetorgbor, Chief Executive Officer of Independent Power Producers (IPPs) in Ghana.