Ghana and an economic crisis
Ghana has taken a major step toward stabilizing its power sector, announcing it paid $1.47 billion in 2025 to clear long-standing energy debts. The payments helped restore a key World Bank guarantee, settle arrears with power producers, and ease a debt overhang that had fueled frequent electricity outages. According to the finance ministry, disciplined financial management made the cleanup possible and marked a turning point after years of mounting liabilities. The government also cleared significant gas supply invoices and renegotiated agreements with independent power producers, who welcomed the move as a boost to confidence. As Ghana works to expand domestic gas production and cut reliance on costly liquid fuels, the debt clearance signals a renewed push for energy reliability and investor trust.
CNBC Africa