The Independent Power Generators, Ghana (IPGG) has expressed strong backing for the government's GH¢1 Energy Sector Levy, regarding it as a significant and timely solution to tackle the escalating debt in Ghana's energy sector.

The Chief Executive of the IPGG, Elikplim Kwabla Apetorgbor, stated on Thursday, June 5, 2025, that the levy is crucial for stabilising the energy sector's finances.

He blamed the sector's current financial woes, which impact power producers and fuel suppliers, on the mismanagement of previous energy sector levies.

Elikplim Kwabla Apetorgbor added that the policy intervention is both necessary and timely, given the sector's unstable financial state.

He emphasised that the current debt accumulation was avoidable and resulted from the mismanagement of previous energy sector levies, bond proceeds, and loans, affecting power producers, fuel suppliers, and system reliability.

The IPGG's support comes after Parliament passed the Energy Sector Levy (Amendment) Bill, 2025, introducing a GH¢1 per litre fuel increase.

This move is expected to generate GH¢15.7 billion annually to settle energy sector debts and ensure a consistent power supply.

DR/AE