President John Dramani Mahama affirmed that Ghana currently has sufficient electricity generation to meet the nation’s active demand, effectively bringing an end to the erratic load shedding known locally as 'dumsor'.
He attributed this restored power stability directly to decisive financial interventions his administration instituted to fix structural challenges within the energy sector.
Specifically, the administration focused on resolving crippling arrears owed to Independent Power Producers (IPPs), which had long undermined the operational security of the national electricity grid.
When his government took office, it inherited an estimated debt of $1.7 billion owed to IPPs, in addition to heavy outstanding payment obligations for gas supplied from the Jubilee Field and energy giant ENI.
The accumulation of these unpaid bills created severe friction in the power generation ecosystem, pushing several power producers to issue warnings that they would suspend electricity generation altogether.
Resolving these debts became a matter of national urgency to rebuild credibility with suppliers and safeguard the country from imminent blackouts.
Highlighting the current operational status of the power sector to Ghanaians living in Russia, President Mahama noted that power management had seen significant turnaround. He stated:
“With regard to energy, I can report that there’s no dumsor in Ghana. Everybody has adequate power. And that’s one of the areas that has been quite dramatic in terms of its management”.
The President explained that the government has brought its accounts with IPPs up to date, establishing an operational system that guarantees continuous settlements for electricity fed into the grid. In his words: “I’m happy to announce that we have cleared the IPP debt. That is, we are current. Any energy they supply today, we’re paying them”.
To deal with the remaining legacy liabilities, the government instituted a disciplined payment plan featuring upfront payments followed by structured settlements as each bill falls due.
This structured fiscal framework has resolved previous tensions, improved commercial relations, and restored confidence among electricity producers who are now satisfied with the payment mechanism.
Through these fiscal measures, the administration aims to uphold strict financial discipline across the energy value chain and prevent any future recurrence of power supply disruptions.
The announcement that Ghana has overcome 'dumsor' and stabilized power supply offers renewed assurance to citizens, entrepreneurs, and international investors who depend on dependable electricity.
By tackling inherited debts of over $1.7 billion and implementing prompt payment systems for power and fuel suppliers, the administration has laid a solid foundation for uninterrupted electricity across the nation.
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