President John Dramani Mahama claims that due to his administration’s efforts to solve the financial issues that endangered power supply, Ghana is no longer experiencing dumsor, which is what the country refers to as power outages.
According to him, the government has paid off its outstanding obligations to Independent Power Producers (IPPs) and implemented a payment mechanism to guarantee that providers are paid quickly for electricity delivered to the national grid.
President Mahama stated in a speech to Ghanaians in Moscow, Russia, that the government received around $1.7 billion in outstanding payments due to Independent Power Producers (IPPs), as well as arrears for gas provided by ENI and from the Jubilee Field.
He claimed that the tensions caused by the obligations had prompted some power providers to consider cutting off electricity.
He declared, “I can tell you that there is no dumsor in Ghana when it comes to energy. Everyone has enough electricity. And that’s one of the areas where the administration has been pretty spectacular.”
The government is now current on payments to Independent Power Producers, according to the President.
“I am delighted to say that we have paid off the IPP debt. That is, we are up-to-date. We are paying for any energy they deliver today,” he added.
According to him, a new payment schedule had been implemented to cover the outstanding debts, with additional settlements made as they became due after the initial payments.
President Mahama claimed that the new arrangement has helped restore trust between the government and power producers while guaranteeing a more consistent electricity source.
He insisted that there is enough power in Ghana right now to fulfill the needs of the country.
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