John Dramani Mahama, the president of Ghana, has declared his intention to pay off the country’s GHC80 billion energy sector debt by 2026. He made this pledge during at the ongoing Africa CEO Summit 2025 in Abidjan.
In order to guarantee sustainable growth and investor confidence, Mahama underlined the vital need of easing the financial challenges facing the country’s energy industry while addressing a group of officials and business leaders.
In order to stabilize the industry, he laid up strategies to impose budgetary restraint, draw in private sector capital, and restructure current debt.
According to President Mahama, this would be a significant policy endeavor that is probably connected to a larger agenda for energy sector reform or economic recovery.
This would probably entail:
• Renegotiation of power purchase agreements (PPAs) to reduce costs.
• Debt restructuring or settlement plans with Independent Power Producers (IPPs).
• Public-private partnerships to increase investment without overburdening the public budget.
• Energy sector reforms focusing on efficiency, transparency, and loss reduction in ECG or GRIDCo.
President Mahama says he will put up all efforts to address the problems facing the energy sector. Ghana has long struggled with energy sector debt, particularly legacy obligations owed to independent power producers and fuel suppliers, which affects both fiscal stability and dependable power delivery.
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