Karpowership Ghana the operator of the Aboadze power barge has served notice to shut down its plant on May 18, 2025, over $400 million in debt.
According to reports Karpower had earlier threatened to suspend the electricity supply unless the government settles its debt.
On February 10, 2025, a meeting between Energy and Green Transition Minister John Abdulai Jinapor and Karpowership officials was held, and this was made according to reports.
The information gathered also reveals Ghana’s energy debts have ballooned to over $3 billion when the debts of the state-run Electricity Company of Ghana (ECG) are added.
The International Monetary Fund (IMF) has frequently been signalling Ghana’s energy debt as a critical risk.
JOY NEWS is quoted to have said, “Karpower serves notice to shut down their plant by 18th May due to $ 400 million debt”.
Meanwhile, Karpowership Ghana has revealed there is no immediate threat of a power shutdown.
Sandra Amarquaye, Communication Manager for Karpowership Ghana speaking in an interview with Joy Business revealed, “We had a meeting with the Minister of Energy to bring to his attention the accumulated debt and engage in negotiations.
Discussions are still ongoing, and there is no threat of a shutdown based on our engagement with the government”.
“Our relationship with Ghana remains strong, and we remain committed to working collaboratively towards a sustainable solution,” Ms Amarquaye added.
See the post below:
Karpower serves notice to shutdown their plant by 18th May due to $ 400 million debt#JoyNews pic.twitter.com/AI04Dv6d5a
— Joy 99.7 FM (@Joy997FM) May 15, 2025
