The Independent Power Generators (IPGs) Ghana have praised the government for settling a significant portion of long-standing arrears owed to power producers, hailing the move as a pivotal step toward stabilizing the country’s energy sector.
In a statement released today, the IPGs- which include major players like Aksa Energy, Amandi Energy, BXC Company, Cenit Energy, Cenpower Generations, Early Power, Karpowership Ghana, Meienergy Technology, Sunon Asogli Power, and Trojan Power formally acknowledged the Ministry of Finance and the Ministry of Energy and Green Transition for the 2025 payments.
The clearance addresses “legacy arrears” that have burdened operators for years, stemming from inherited financial challenges in Ghana’s power market.
IPGs described the payments as a “major milestone” that restores financial stability and operational confidence.
“This achievement reflects decisive leadership, disciplined fiscal management, and a clear commitment by Government to resolving inherited structural challenges,” the statement noted.
The IPGs singled out the Ministry of Finance for mobilizing substantial resources and the Ministry of Energy and Green Transition for enforcing the Cash Waterfall Mechanism, a payment prioritization system aimed at improving cash flow to service providers.
These efforts, according to the group, signal Ghana’s reliability to investors.
“Ghana is firmly committed to honouring its contractual obligations, strengthening sector governance, and rebuilding credibility in its power market,” the statement said.
The developments have reportedly boosted investor confidence, paving the way for fresh capital, technology, and partnerships.
Ghana’s power sector has grappled with arrears exceeding billions of cedis, leading to occasional blackouts, higher tariffs, and strained relations between the state utility and private generators. The Cash Waterfall Mechanism, introduced in recent years, routes revenue from the Electricity Company of Ghana (ECG) directly to generators based on a fixed formula, reducing delays.
The IPGs reaffirmed their dedication to Ghana’s energy security and industrial growth. They pledged full cooperation with the government and sector agencies to maintain reliable supply, advance reforms, and ensure efficiency, transparency, and value across the power chain.
“We remain confident that the collaborative spirit demonstrated in the resolution of these legacy arrears will continue to guide the Government- IPG partnership toward a future of energy sustainability, financial discipline, and shared prosperity for the people of Ghana,” the statement concluded.
Source: www.Kumasimail.com
