
President John Dramani Mahama has announced the total resolution of Ghana's long-standing power crisis, popularly known as 'dumsor.' Speaking to members of the Ghanaian community in Moscow, Russia, the President declared that his administration has successfully stabilized the energy sector and ensured that every citizen now has access to electricity. The announcement marks a significant milestone for the administration, which has prioritized the restoration of a reliable national power grid since taking office in January 2025. A critical component of this achievement was the settlement of massive financial liabilities within the energy sector. President Mahama revealed that the government has cleared $1.7 billion in debt owed to Independent Power Producers (IPPs). This debt, which the President noted was inherited by his team, had previously led to severe operational challenges and frequent threats of power outages. By addressing these arrears, the government has removed the primary financial obstacle that had plagued the country's energy supply for years. Beyond the immediate debt clearance, the President highlighted the establishment of a new, sustainable payment framework designed to prevent future financial accumulation in the sector. This new system aims to ensure that IPPs are paid consistently for the power they generate, fostering a more reliable partnership between the state and private energy providers. Mahama emphasized that these measures were essential not only for domestic comfort but also for restoring the confidence of international investors in Ghana's economic environment. The declaration is expected to signal a new era of industrial and domestic stability across the country. With the power crisis declared over, the government's focus is now shifting toward maintaining the integrity of the energy sector's financial systems and expanding infrastructure to meet the nation's growing demand. The President's remarks in Moscow serve as a reassurance that the era of erratic power supply has been replaced by a secure and accessible energy framework for all Ghanaians.
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