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Friday, December 19, 2025

Ghana aims to reduce $2.5 billion debt owed to power producers by year-end

ā€œI’m sure by next year, our partners would be happy because we would have dealt appropriately with the debt overhang,ā€ Mahama told a forum in Ivory Coast.

He said that state-owned utility ECG was inefficient in collecting revenue and was experiencing losses of about 40%. To be able to pay for electricity, Mahama said he was bringing the private sector into the billing process.

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