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Fuel Levy cash cleared IPP debts and restored Ghana’s credit standing – PURC boss
June 26, 2026
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Fuel Levy cash cleared IPP debts and restored Ghana’s credit standing – PURC boss

Money
Policy
Growth

Key Points

  • The GH¢1 levy on petroleum products has been instrumental in clearing long-standing energy sector debts in Ghana.
  • These funds, estimated at $8 billion, were used to settle arrears owed to independent power producers and gas suppliers.
  • The levy also helped restore risk guarantees with international partners, including the World Bank, and improved Ghana's credit rating.
  • Specific payments were made to gas suppliers like Sankofa Gye Nyame and Jubilee Partners to secure gas supply.
  • Despite these debt-clearing efforts, the Ministry of Finance must still provide an average of $92 million monthly to maintain consistent electricity supply.

Why This Matters

This article underscores the critical financial interventions required to stabilize Ghana's power sector and enhance its international creditworthiness. It reveals the substantial and ongoing fiscal pressure on the government to maintain electricity supply, impacting national budgeting and future energy policy decisions despite successful debt-clearing efforts.

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