Ghana energy debt reset solidifies world bank trust and global credibility

In a move designed to stabilise the West African nation’s economy, the administration of President John Dramani Mahama has injected $1.47 billion (approx. GH₵15.76 billion) into Ghana’s energy sector. This capital infusion represents a calculated attempt to repair a fractured international reputation. By prioritising the restoration of the World Bank Partial Risk Guarantee (PRG), the government is sending a clear signal to global capital markets. Finance Minister Dr Cassiel Ato Forson has described the energy sector as "one of the gravest threats to Ghana's financial stability," noting that the $500 million (GH₵5.36 billion) guarantee had been completely exhausted by the start of 2025. Restoring this safety net is seen as a prerequisite for reviving the $8 billion (GH₵85.76 billion) in private sector investment tied to the Sankofa Gas Project.