Ghana's Energy Sector Policies, Analysis With Facts And Future Projection With Machine Learning

Ghana’s Energy Sector Debt: From Depletion and Missed World Bank Financing to Restored Confidence Ghana’s energy sector has long been both a driver of economic growth and a source of fiscal strain. Over time, weak payment discipline, tariff shortfalls and mounting arrears pushed the sector into deep financial distress eventually undermining international guarantees and costing the country access to critical development financing.  Read about the history of Ghana's energy sector debt The recent announcement by the Ministry of Finance that Government has paid US$1.47 billion to clear energy sector debt and fully restore the World Bank Partial Risk Guarantee (PRG) marks a historic turning point. To understand its significance, the evolution of the crisis must be traced chronologically. The Build-Up of Energy Sector Debt As detailed in earlier analyses on Energy Insights Ghana , Ghana’s energy sector debt accumulated over several years due to persistent non-payment to gas suppliers an...