Dr Mohammed Amin Adam, the former Finance Minister, has accused the John Mahama-led-NDC government of following the Finance Ministry announcement of the settlement of $1.4 billion energy sector debts.
He stressed that the government’s announcement of a US$1.4 billion payment towards energy sector obligations is being portrayed as an extraordinary achievement.
According to Dr Amin Adam, the NDC government does PR with everything, adding that the NPP government in 2024 made a similar payment without noise.
In a Facebook post, Dr Mohammed Amin Adam wrote, “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 noise about it”.
Meanwhile, the Independent Power Generators (IPGs) in Ghana have commended the John Mahama government for clearing a substantial portion of legacy arrears owed to power generation companies.
According to the Independent Power Generators, the clearance of the legacy arrears is a major step towards stabilising Ghana’s energy sector.
The IPGs, in a statement, praised the Ministry of Finance and the Ministry of Energy and Green Transition for ensuring the timely settlement of the arrears.
Their statement read, “The clearance of these long-outstanding obligations represents a major milestone in restoring financial stability and operational confidence across the power sector”.
They further acknowledged the government, “decisive leadership, disciplined fiscal management, and a clear commitment by the government to resolving inherited structural challenges”.
“These actions have sent a powerful signal to both domestic and international investors that Ghana is firmly committed to honouring its contractual obligations,” the statement added.
“As a result, investor confidence in Ghana’s energy sector has been meaningfully restored, supporting economic transformation and industrial development,” they said.
“We remain confident that the collaborative spirit demonstrated in the resolution of these legacy arrears will continue to guide the government-IPG–IPG partnership towards a future of energy sustainability, financial discipline, and shared prosperity for the people of Ghana,” the statement concluded.
This follows the Finance Ministry, in a Press release, stating that, “In 2025 alone, the government paid approximately US$393 million in legacy IPP debts, further anchoring the gains made in restoring stability to the sector”.
Altogether, the Ministry of Finance has paid approximately US$1.470 billion in the 2025 fiscal year to rescue and restore Ghana’s energy sector.
Beyond clearing inherited arrears, and through disciplined implementation of the Cash Waterfall Mechanism by the Ministry of Energy, Government has remained current on largely all IPP invoices for 2025 and is firmly committed to further improving payment performance across all IPP obligations going forward. 16. The Government of Ghana assures the general public, industry stakeholders, and international partners that the era of uncontrolled energy sector debt accumulation is over”.
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