The Independent Power Generators (IPGs), Ghana, have confirmed the settlement of a substantial portion of long-standing payment arrears owed to power generation companies, describing the development as a major milestone toward restoring stability and confidence in the country’s energy sector.
In a statement issued on Monday, the IPGs commended the Government of Ghana, through the Ministry of Finance and the Ministry of Energy and Green Transition, for successfully addressing legacy arrears that have burdened the power sector for several years. The group noted that payments made in 2025 to independent power producers marked a turning point in improving the financial health and operational reliability of the sector.
According to the IPGs, the clearance of these obligations reflects decisive leadership, disciplined fiscal management, and a clear commitment by government to resolving inherited structural challenges that have constrained the power industry.
The association particularly acknowledged the Ministry of Finance for mobilising and deploying significant financial resources to stabilise the sector, as well as the Ministry of Energy and Green Transition for the disciplined implementation of the Cash Waterfall Mechanism and other reforms. These measures, the IPGs said, have led to improved payment performance to service providers.
The IPGs noted that the settlement of the arrears has sent a strong signal to both domestic and international investors that Ghana remains committed to honouring its contractual obligations, strengthening sector governance, and rebuilding credibility in the power market. As a result, investor confidence in the energy sector has been significantly restored, positioning the country to attract new capital, technology, and long-term partnerships.
Reaffirming their role in national development, the IPGs pledged their continued cooperation with government and sector agencies to ensure reliable power supply, support ongoing reforms, and promote efficiency, transparency, and value for money across the power value chain.
The statement was issued by the Independent Power Generators, Ghana, whose members include AKSA Energy, Amandi Energy, BXC Company, Cenit Energy, Cenpower Generations, Early Power, Karpowership Ghana, Meienergy Technology, Sunon Asogli Power, and Trojan Power.
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