Ghana’s energy sector is on the verge of a major setback as Karpowership, the company operating the Aboadze power barge, has threatened to cut electricity supply over an outstanding $379 million debt.

The warning was issued during a meeting on February 10, 2025, between Energy and Green Transition Minister John Abdulai Jinapor and representatives from Karpowership.

The unpaid amount, owed by the state-run Electricity Company of Ghana (ECG), adds to the country’s growing energy sector liabilities, which have now surpassed $3 billion.

Minister Jinapor, acknowledging the seriousness of the issue, appealed to Karpowership to delay any drastic action while the government explores ways to clear the debt.

Meanwhile, the International Monetary Fund (IMF) has repeatedly flagged Ghana’s rising energy sector debt as a significant financial risk, urging urgent reforms to avert a potential collapse.

If Karpowership goes ahead with its plan, Ghana could face extended power outages, affecting industries, businesses, and daily life nationwide.