Outstanding liabilities about GH₵80 billion – Energy Minister reveals

Energy Minister John Jinapor has disclosed that Ghana’s energy sector debt has hit GH₵80 billion, with an additional $70 million in liabilities accumulating monthly.

Speaking at the National Economic Dialogue, he warned that the sector's financial crisis is unsustainable.

Jinapor cited financial indiscipline, revealing that ECG exceeded its approved capital expenditure by $500 million in 2023, worsening the crisis. He stressed the need for private sector involvement and warned that some power producers have already shut down.

He urged a shift from liquid fuel to gas, noting that Ghana has stranded gas while spending $1 billion on liquid fuel. He argued that a gas processing plant could cut costs by $600 million annually, making it a non-negotiable investment.