Accra, March 5, 2025 – Ghana’s energy sector has been dealt another major setback as Bridge Power Co. Ltd. halted operations due to the non-payment of $47 million in supply arrears by the Electricity Company of Ghana (ECG). The shutdown, which has persisted for seven months, has led to the loss of 200MW of power, further straining the country’s already fragile electricity supply.
In response to the crisis, Energy and Green Transition Minister, John Abdulai Jinapor, met with Bridge Power executives on Tuesday, March 4, to address the company’s financial concerns and find solutions to restore operations.
Government Intervention to Prevent Further Blackouts
During the meeting, Minister Jinapor assured Bridge Power of the government’s commitment to resolving the financial challenges affecting the energy sector.
📌 Key Actions Taken by the Government:
- Upgraded Bridge Power to Tier 1 Status – This move prioritizes payment of arrears to the company, ensuring faster financial settlements.
- Commitment to Address ECG’s Debt Challenges – The Minister acknowledged the broader financial struggles of the state-owned power distributor and emphasized the need for sustainable reforms.
- Mitigating Power Supply Disruptions – The government aims to restore power generation capacity by resolving arrears-related shutdowns.
A Struggling Energy Sector
The shutdown of Bridge Power is yet another sign of deep financial instability in Ghana’s energy industry. ECG has been battling massive revenue losses, with only 62% of distributed electricity being paid for, leading to mounting debts across the power supply chain.
With projected energy sector shortfalls expected to exceed $9 billion by 2026, urgent reforms are needed to prevent a complete collapse of Ghana’s electricity supply system.
What’s Next?
The government’s decision to prioritize payments to Bridge Power is expected to reduce power outages and strengthen investor confidence in the sector. However, long-term solutions, including improved revenue collection, reduction in distribution losses, and private-sector partnerships, remain crucial for stabilizing the industry.
📌 Stay tuned to HOTDIGITAL ONLINE for more updates on Ghana’s energy sector.
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