The Independent Power Generators (IPGs) Ghana have praised the government for settling a significant portion of long-standing arrears owed to power producers, hailing the move as a pivotal step toward stabilizing the country’s energy sector.
The Ministry of Finance says the Mahama administration has paid a total of US$1.470 billion in 2025 to stabilise Ghana’s energy sector, clear inherited arrears and fully restore the World Bank Partial Risk Guarantee (PRG) that underpinned the country’s flagship Sankofa Gas Project.
Dr Johnson Asiama, Governor of the Bank of Ghana, says reforms to the Ghana Gold Board (GoldBod) and the domestic gold purchase programme have strengthened external buffers and macroeconomic stability despite initial national costs.
The Bank of Ghana has authorised 12 foreign exchange brokers and three cross-border payment providers to operate in the Ghana Interbank FX market in 2026.
Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi has dismissed allegations that his institution recorded losses under the Gold-for-Reserves programme, revealing instead a substantial financial surplus for 2025.
China's BYD has overtaken Elon Musk's Tesla as the world's biggest seller of electric vehicles (EVs), marking the first time it has outpaced its American rival in annual sales.
Ghana is working to reduce its reliance on external financial assistance, with the government focused on restoring economic stability and public confidence after years of slow growth, high inflation, and rising debt.
The Minister of Finance, Dr. Cassiel Ato Baah Forson, has announced that the Government of Ghana has successfully settled a US$709 million Eurobond obligation ahead of its due date.
The Public Utility Workers’ Union of the Trades Union Congress (PUWU-TUC), Ghana, has strongly opposed what it describes as a rushed government move toward private sector participation (PSP) in the Electricity Company of Ghana (ECG).