President John Dramani Mahama has declared that Ghana currently has adequate electricity supply, insisting that the country is not experiencing power outages, popularly known as dumsor.

He attributed the improvement in electricity supply to his administration’s efforts to settle outstanding debts owed to Independent Power Producers (IPPs) and introduce a payment arrangement to ensure timely payments for power supplied.

Speaking during an engagement with Ghanaians in Moscow, Russia, President Mahama said the interventions had restored confidence among power producers, some of whom had previously threatened to withdraw their services over unpaid obligations.

He disclosed that his government inherited approximately $1.7 billion in outstanding debts owed to IPPs, alongside unpaid bills for natural gas supplied from the Jubilee Field and by ENI.

According to him, clearing the outstanding obligations was critical to restoring financial stability in the energy sector and preventing potential disruptions to electricity generation.

“With regards to energy, I can report that there’s no dumsor in Ghana. Everybody has adequate power. And that’s one of the areas that has been quite dramatic in terms of its management.

“I’m happy to announce that we have cleared the IPP debt. That is, we are current. Any energy they supply today, we’re paying them,” he said.

President Mahama further explained that the government had established a structured payment arrangement to address its remaining financial commitments to energy suppliers.

Under the arrangement, initial payments are made towards outstanding obligations, while subsequent amounts are settled as they fall due.

He said the payment structure had improved the relationship between the government and IPPs, who were now satisfied with the arrangements.

The President maintained that Ghana had sufficient electricity generation capacity to meet national demand, adding that the government’s interventions had helped improve the management of the energy sector.

He expressed confidence that the measures would sustain the country’s electricity supply and prevent a recurrence of the power challenges that have affected households and businesses in the past.