By: Isaac Kwabena Boadu Date: 27th February, 2026
Ghana’s President John Mahama has announced that the country has fully settled its gas payment commitments, clearing approximately $500 million in outstanding invoices owed to ENI and Vitol. This milestone achievement is expected to stabilize the energy sector, bolster investor confidence, and prevent future supply disruptions linked to payment delays.
Speaking at the 2026 State of the Nation Address, President Mahama revealed a comprehensive roadmap with partners to guarantee payment for all gas consumed going forward. The government has also reviewed and reduced planned increases in certain gas-related levies, with further policy measures expected next month, including the development of a gas processing and management framework.
Gas plays a vital role in Ghana’s development, serving as a crucial feedstock for power generation, industrial processes, and economic growth. The country’s gas reserves are a valuable resource, and effective management is essential for sustainable energy security and economic prosperity.
President Mahama emphasized the importance of transparency and accountability in the energy sector, announcing plans to introduce legislation to Parliament aimed at enhancing government operations. The proposed bills include measures to restrict single-source contracting and the Public Asset Disposal Bill, requiring parliamentary approval for the sale, transfer, or privatization of state-owned assets.
The President’s announcements underscore Ghana’s commitment to responsible energy management and sustainable development.
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