Ghana, Cenpower, and ECIC Collaborate to Clear Energy Sector Arrears

Accra, Ghana - 17 March, 2025 - Ghana's government has reaffirmed its commitment to clearing outstanding debts in the power sector, paving the way for a major boost to the country's renewable energy plans, Finance Minister Dr. Cassiel Ato Forson announced today.

The announcement comes on the heels of a productive meeting between the minister, Cenpower, and the Export Credit Insurance Corporation of South Africa (ECIC).

With energy playing a vital role in Ghana's economic growth, the government is dedicated to ensuring a sustainable and thriving future for the industry.

As Ghana continues to explore renewable energy options, the implementation of the Cash Waterfall Mechanism is expected to pave the way for increased investment and growth in the sector.

The government's commitment to this initiative is a clear indication of its resolve to address the country's energy needs and promote economic development.

Dr. Ato Forson's meeting with Cenpower and the Export Credit Insurance Corporation of South Africa underscores the government's efforts to engage with key stakeholders and drive progress in the energy sector. As Ghana looks to the future, its commitment to renewable energy and sustainable development is set to play a vital role in shaping the country's economic landscape.

Source: Lead News Online