The Independent Power Generators (IPGs) operating in Ghana have applauded the government for clearing a substantial share of outstanding debts owed to electricity producers, describing the action as a crucial move toward restoring stability in the energy industry.

According to the government, a total of US$1.47 billion has been disbursed within the administration’s first year to settle accumulated liabilities in the power sector and reinstate the World Bank’s Partial Risk Guarantee, a development it characterises as a significant recovery for the industry.

The Ministry noted that by December 31, 2025, the state had repaid US$597.15 million, including interest, that had been drawn under the World Bank guarantee scheme. This, the statement said, has fully replenished the facility and reinforced Ghana’s reputation as a trustworthy partner in the international arena.

In their response, the IPGs commended both the Ministry of Finance and the Ministry of Energy and Green Transition for facilitating the prompt payment of the long-overdue obligations, noting that the effort would help improve confidence and sustainability within the power sector.

“The clearance of these long-outstanding obligations represents a major milestone in restoring financial stability and operational confidence across the power sector,” the IPGs said.

They noted that payments made in 2025 to independent power producers reflect “decisive leadership, disciplined fiscal management, and a clear commitment by government to resolving inherited structural challenges”.

The IPGs highlighted the strategic role of the Ministry of Finance in mobilising the required resources, as well as the Ministry of Energy and Green Transition, for implementing mechanisms such as the Cash Waterfall, which has improved payment performance to service providers.

“These actions have sent a powerful signal to both domestic and international investors that Ghana is firmly committed to honouring its contractual obligations,” the statement added.

According to the IPGs, the settlement has helped rebuild investor confidence in the country’s energy market and positioned Ghana to attract new investment, technology and long-term partnerships.

“As a result, investor confidence in Ghana’s energy sector has been meaningfully restored, supporting economic transformation and industrial development,” they said.

The IPGs reaffirmed their commitment to Ghana’s energy security and pledged to continue working with the government to maintain a reliable power supply, promote efficiency and ensure value for money across the sector.

“We remain confident that the collaborative spirit demonstrated in the resolution of these legacy arrears will continue to guide the government-IPG–IPG partnership towards a future of energy sustainability, financial discipline, and shared prosperity for the people of Ghana,” the statement concluded.