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Ishmael Mensah Blog of Tuesday, 14 January 2025

Source: Ishmael Mensah

According to John Jinapor, Ghana's energy debt has increased to $3 billion.

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John Jinapor, the Energy Minister-Designate, has expressed alarm about the growing energy industry debt, which he says was left behind by the previous administration.

Due to the government's incapacity to pay debts owed to Independent Power Producers (IPPs), who provide a significant amount of Ghana's electrical supply, the nation has been suffering from regular power outages.

According to former President Akufo-Addo, his administration's successful stabilization of the industry was achieved by focused interventions, careful budgetary management, and difficult discussions with IPPs. Mr. Jinapor, however, refuted this assertion, claiming that the debt has increased to $3 billion from the $2.1 billion set aside by the previous National Democratic Congress (NDC) administration in 2017.

During his vetting on Monday, January 13, he emphasized that the energy sector’s legacy debt has increased significantly, posing a significant challenge to the new administration.

He said, “When we left office on August 31, 2017, the debt was $2.1 billion. As of yesterday, January 12, 2025, the outstanding debt has exceeded $3 billion.”