The Independent Power Generators, Ghana (IPGG), has formally acknowledged the government’s settlement of a substantial portion of legacy arrears, a move the group says is critical to restoring financial stability in the country’s energy sector.
In a statement released on January 12, 2026, the IPGG commended the Ministry of Finance and the Ministry of Energy and Green Transition for clearing long-outstanding obligations that had constrained the sector for several years.
The group described the payments, including disbursements made throughout 2025, as a “major milestone in restoring financial stability and operational confidence across the power sector”.
According to the IPGG, the achievement reflects “decisive leadership, disciplined fiscal management, and a clear commitment by government to resolving inherited structural challenges”. The generators specifically highlighted the disciplined implementation of the Cash Waterfall Mechanism and other reforms as key factors that have ensured “improved payment performance to service providers”.
Beyond immediate financial relief, the IPGG noted that the measures send a “powerful signal to both domestic and international investors that Ghana is firmly committed to honouring its contractual obligations”.
This renewed credibility, the group said, is expected to position the country to attract new capital, technology, and long-term partnerships in the energy market.
The IPGG, whose members include Sunon Asogli Power, Karpowership Ghana and Aksa Energy, reaffirmed its commitment to Ghana’s energy security and pledged to work with the government to sustain a reliable power supply. It said it remains dedicated to promoting “efficiency, transparency and value for money across the power value chain”.
