Ghana's energy sector faces financial challenges including a debt of over $1 billion owed between the various power sector entities such as the Electricity Company of Ghana (ECG), Volta River Authority (VRA), and gas suppliers. This debt has contributed to the country's ongoing power supply issues and business disruptions. To help address these financial problems, the World Bank approved a $60 million credit to improve ECG's financial performance and minimize commercial losses in order to increase revenues and cash flows. Long term solutions proposed include strengthening revenue collection, ensuring government agencies pay bills promptly, setting realistic electricity prices, and increasing private sector involvement in power generation and distribution.

1. Financing in Ghana energy sector
Financing electricity is very critical for
developing countries for which Ghana is no
exception. Ghana has been going through
challenges about power generation and this
has resulted intermittent power supply.
This challenge has created inconveniences
and collapsed of several businesses
especially small and medium enterprises.
According to experts, these challenges were
as results of finances in the energy sector.

2. Financing in Ghana energy sector
The Executive Director of the
Africa Centre for Energy Policy
(ACEP), Dr. Mohammed Amin
Adam explained that the current
energy crisis is overshadowed by
a much bigger financial crisis
that will keep the country in
persistent darkness until more
than $1billion debt albatross is
removed.

3. Financing in Ghana energy
Giving the breakdown of the debt, he revealed that
government owes Electricity Company of Ghana (ECG)
$500million while ECG owes the Volta River Authority
(VRA) more than 1billion Ghana Cedis.
In turn, VRA owes N-Gas of Nigeria $170million while Sunon Asogli owes VRA more
than $100 million. The tangle of debt does not end there. Without giving numbers,
Amin Adams revealed VALCO owes VRA while ECG owes Asogli.
He emphases that ECG cummulative debt is about $1billion,

4. Financing in Ghana energy
This year the World Bank Group’s approved a US$60 million
International Development Association (IDA) credit for
Ghana to improve the Electricity Company of Ghana’s (ECG)
financial performance, minimize its commercial losses, and
ultimately contribute to increased revenue and cash flow.

5. Financing in Ghana energy
This year the World Bank Group’s approved a US$60
million International Development Association (IDA)
credit for Ghana to improve the Electricity Company
of Ghana’s (ECG) financial performance, minimize its
commercial losses, and ultimately contribute to
increased revenue and cash flow.

6. Financing in Ghana energy
 To ensure sustainability of power supply the
company needs to strengthen its revenue collection
 Government needs to pay bills of its agencies
promptly
 Consumers should allow to pay realistic price of
electricity they used
 Subsidies should be given only to the valuables in the
society not to those who has the ability and capacity
to pay

7. Financing in Ghana energy
 The collection of electricity bills should collaboration
between public-private partnerships.
 Private companies should be allow to generate and
distribute power and consumers also needs to be
allow to choose the company they want to supply
them with power