The Government of Ghana has announced that it has paid a total of US$1.47 billion within its first year in office to clear longstanding debts in the energy sector and fully restore the World Bank Partial Risk Guarantee, according to the Ministry of Finance.
The payments, made between January and December 2025, were aimed at stabilising the energy sector, which the government says it inherited with significant unpaid obligations that threatened power generation and investor confidence.
As part of the settlement, the government fully repaid US$597 million, including interest, drawn under the World Bank Partial Risk Guarantee, restoring the facility in full. The guarantee is considered critical to sustaining investments in Ghana’s energy infrastructure, particularly gas supply arrangements.
In addition, the government cleared about US$480 million in outstanding gas invoices owed to key partners, including ENI and Vitol, and settled approximately US$393 million in legacy debts owed to Independent Power Producers (IPPs).
Finance Minister Dr. Cassiel Ato Forson said the payments form part of a broader effort to reset the energy sector, improve payment discipline, and restore confidence among international partners and investors.
The government says the intervention has helped stabilise power supply and strengthen Ghana’s credibility in the global financial and energy markets.
