Ghana has secured a US$66 million discount on about US$400 million in arrears owed to Cenpower, the independent power producer that runs the Kpone thermal plant.
The discount is about 16.5% of the reported arrears. Applied to the full US$400 million, it would leave about US$334 million to be paid. The payment schedule, the exact balance covered and any conditions attached have not been made public.
The deal is part of a wider effort to cut legacy debts in the power sector. The 2026 Budget said the government had finished renegotiating with nine independent power producers, securing more than US$250 million in debt discounts and lower capacity charges for some plants.
The wider restructuring involves discounts of 15% to 30%, upfront payments made in 2025 and rescheduling of the remaining amounts over four to five years. The Cenpower cut sits within that range.
The government paid about US$393 million in legacy debt to independent power producers during 2025, including US$59.44 million to Cenpower. It is not yet clear how that payment relates to the US$400 million now being settled.
Arrears build up when the Electricity Company of Ghana (ECG) and the government fail to pay generators and fuel suppliers on time. The energy sector still needs budget transfers, so lower old debts do not on their own close the sector's financing gap.