{"id":19655,"date":"2026-01-12T22:38:11","date_gmt":"2026-01-12T22:38:11","guid":{"rendered":"https:\/\/www.europesays.com\/africa\/19655\/"},"modified":"2026-01-12T22:38:11","modified_gmt":"2026-01-12T22:38:11","slug":"ghana-settles-us1-5bn-in-energy-sector-debts","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/africa\/19655\/","title":{"rendered":"Ghana Settles US$1.5bn in Energy Sector Debts"},"content":{"rendered":"<p class=\"text-muted-background dark:text-neutral-300 leading-relaxed text-sm lg:text-base mb-4 last:mb-0 \">The Government of Ghana settled a total of US$1.47bn in energy sector debts which it said posed &#8220;one of the gravest risks to Ghana\u2019s financial stability&#8221; in 2025.<\/p>\n<p>\u2022Ghana repaid US$597.15 million drawn from a US$500 million World Bank Partial Risk Guarantee that was used a safeguard after years of persistent non-payment for gas supplied to the power sector from the Offshore Cape Three Points (OCTP) field.<br \/>\n\u2022Between January and December 2025, Government also settled all outstanding gas invoices owed to ENI and Vitol for electricity generation to a tune of US$480mn.<br \/>\n\u2022In 2025 alone, Government paid approximately US$393 million in legacy Independent Power Producer (IPP) debts, and also renegotiated all IPP agreements.<\/p>\n<p class=\"text-muted-background dark:text-neutral-300 leading-relaxed text-sm lg:text-base mb-4 last:mb-0 \">&#8220;Government has also held constructive engagements with Tullow Oil and the Jubilee Field partners, agreeing on a comprehensive roadmap to guarantee full payment for all gas off-taken,&#8221; Ghana&#8217;s ministry of finance said in a statement on Monday. <\/p>\n<p class=\"text-muted-background dark:text-neutral-300 leading-relaxed text-sm lg:text-base mb-4 last:mb-0 \">The World Bank guarantee was designed to guarantee payments to the project partners, ENI and Vitol, in the event of payment shortfalls. The repayment now restores the facility fully, providing a much needed safeguard for the country&#8217;s energy sector.<\/p>\n","protected":false},"excerpt":{"rendered":"The Government of Ghana settled a total of US$1.47bn in energy sector debts which it said posed &#8220;one&hellip;\n","protected":false},"author":2,"featured_media":19656,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[12395,1144,79,12396],"class_list":{"0":"post-19655","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ghana","8":"tag-african-wall-street","9":"tag-energy","10":"tag-ghana","11":"tag-macroeconomics"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/19655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/comments?post=19655"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/19655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media\/19656"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media?parent=19655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/categories?post=19655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/tags?post=19655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}