President John Dramani Mahama has announced that the Government of Ghana has fully settled all outstanding gas invoices owed to energy partners, totalling approximately $500 million.
Delivering the 2026 State of the Nation Address (SONA) in Parliament on Friday, February 27, President Mahama disclosed that the payments covered debts owed to ENI and Vitol, bringing Ghana fully up to date on its gas consumption obligations to the Sankofa Partners.
“Mr Speaker, I’m pleased to announce that as of December 31st, 2025, the government has fully repaid and restored the entire $500 million World Bank guarantee, including interest,” the President said. “This has reinstated the facility in full and reaffirmed Ghana’s standing as a credible and reliable partner on the global stage.”
According to him, the repayment has not only restored the World Bank–backed guarantee but also strengthened confidence in Ghana’s energy sector management.
The President further assured Parliament that Ghana is no longer accumulating gas arrears.
“Mr Speaker, I can also announce that we are paying for every gas we are consuming today,” he stated.
He explained that, through coordinated policy measures, the government cleared all outstanding invoices owed to Eni and Vitol, totalling about $500 million. As a result, Ghana is now fully current on its financial commitments under the Sankofa gas project.
Looking ahead, President Mahama revealed that the 2026 Budget has made adequate provision to ensure the timely payment for all liquefied natural gas consumed going forward.
“And I’m pleased to announce that the 2026 budget has made adequate provision to ensure timely payments for all liquid natural gas that we consume going forward,” he added.
Beyond the Sankofa arrangement, the President said the government has also engaged other upstream partners to guarantee fairness and sustainability in the sector. He disclosed that constructive discussions with Tullow Oil and the Jubilee Field Partners have resulted in a comprehensive roadmap to ensure full and prompt payments for gas supplied.
“This approach supports reliable nationwide electricity generation and accelerates industrial growth,” President Mahama noted.
He added that engagements with upstream partners have already led to increased gas production, guided by a clear national vision to expand domestic gas supply and reduce reliance on more expensive liquid fuels.
