Hohoe MP, Thomas Worlanyo Tsekpo, has said that the payment of the energy sector debt by the Finance Minister, Dr Cassiel Ato Forson, is worth celebrating.
Worlanyo Tsekpo was responding to Former Finance Minister Dr Mohammed Amin Adam, who had told his successor Dr Ato Forson not to hype the payement of the energy sector debt.
Dr Amin Adam had written on Facebook that “The NDC government does PR with everything. Paying Energy Sector debts of $1.4 billion is not new. As captured in the 2025 Budget presented by the NDC government, the previous NPP government paid $1.4 billion of the energy sector debts in 2024 without making a noise about it.”
In a response to him also on Facebook, the Hohoe MP said, “Dr. Amin Anta should know Ghana is celebrating the payment of debts he left for us, not loans from the IMF, so he should leave Dr Ato and Dr Asiama to celebrate the success his government couldn’t achieve.
He should remember his Government celebrated Elevy and organised a lavish Kenkey party to celebrate IMF loan, but we are celebrating the payment of those loans without any external borrowing for more than one year in office. The people of Ghana are happy, and we are also happy.”
The Government of Ghana has cleared legacy energy sector debts amounting to approximately $1.47 billion as at December 31, 2025, according to a statement from the Ministry of Finance.
The payments were undertaken within the first year of the Mahama Administration and addressed longstanding arrears that had pushed the energy sector to the brink.
Central to the intervention was the full repayment of the World Bank Partial Risk Guarantee (PRG), which had been depleted due to persistent non-payment under the previous administration.
According to the statement issued on Monday, January 12, by the Finance Ministry, government repaid US$597.15 million, inclusive of interest, thereby fully restoring the guarantee facility.
In addition, all outstanding gas invoices owed to ENI and Vitol for electricity generation were settled.
These payments totalled about US$480 million as at December 31, 2025, ensuring Ghana is fully up to date on its obligations to the Sankofa Gas Project partners.
Settling Arrears with Gas Partners and IPPs
The US$1.470 billion total expenditure for the 2025 fiscal year covers several critical areas of the energy value chain including:
- Sankofa Partners (ENI and Vitol): The government settled approximately US$480 million in outstanding gas invoices, bringing Ghana current on its obligations for electricity generation gas supply.
- Independent Power Producers (IPPs): Approximately US$393 million was paid toward legacy IPP debts in 2025 alone.
- Strategic Roadmaps: New agreements have been reached with Tullow Oil and Jubilee Field partners to ensure a sustainable roadmap for future gas off-take payments.
The Ministry of Finance noted that prudent fiscal management and adequate budgetary provisions have been put in place to sustain timely payments going forward.