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President John Dramani Mahama has announced that Ghana has fully settled all outstanding gas invoices owed to ENI and Vitol, totaling approximately $500 million. This repayment ensures that Ghana is fully up to date with its gas consumption obligations to the Sankofa partners.
Delivering the 2026 State of the Nation Address in Parliament on February 27, President Mahama emphasized that the government pays for every unit of gas consumed and has made provisions in the 2026 Budget to guarantee timely payments for all Liquid Natural Gas moving forward.
The announcement comes alongside broader economic milestones, including Ghana surpassing the $100 billion mark for the first time and successfully repaying a $500 million World Bank guarantee, highlighting the country’s credibility and reliability on the international stage.
President Mahama also underscored the government’s success in stabilizing the national currency. The cedi appreciated by 40.7% against the US dollar, 30.9% against the British pound, and 24% against the Euro. “We did not just arrest currency instability; we strengthened the cedi to put up a good fight against other currencies,” he said.
