Also known as: VRA
Volta River Authority — state-owned electricity generator facing liquidity pressure from payment delays and inter-utility debt despite 2025 revenue of GH¢8.9 billion.
News reports
Order a long-term news report on Volta River Authority
Every mention in the Ghanaian press over the period you choose, compiled as a PDF or Word document.
Verbatim sentences from the source article.
The Ghanaian Times
A team of technical experts from the Volta River Authority (VRA) has opened the Havedzi floodgate in the Keta Municipality to allow water in the lagoon to flow into the sea. …
Floodgate in Keta opened for lagoon to flow into seaJoy Online
… He explained that the lagoon had overflowed following weeks of heavy flooding, threatening homes, schools, roads, and farmlands across the municipality. “The critical flood relief operation will be undertaken by technical experts and engineers drawn from the Volta River Authority …
Keta Assembly to open Kedzi Azizadzi floodgates on Friday to ease floodingBusiness & Financial Times
… He itemised the exposure as US$97million owed to government, US$58million to Ghana National Petroleum Commission (GNPC), US$78.9million to Volta River Authority (VRA), US$128million to Sahara Oil, and US$41million to BP. …
Editorial: TOR calls for ESLA settlementsBusiness & Financial Times
… Bilijo said TOR inherited when the current board took office in July 2025: including US$97million owed to government, US$58million to Ghana National Petroleum Corporation (GNPC), US$78.9million to Volta River Authority (VRA), US$128million to Sahara Oil and US$41million to Britis …
TOR in recapitalisation talks with gov’t over GH¢1.6bn ESLA receivablesThe Ghanaian Times
… s the Western Region to strengthen partnerships and enhance fire safety preparedness.The tour covered key organizations including the Bank of Ghana, GOIL PLC, Ghanstock, Western Terminals, Zen Terminal, Keda Ceramics, Takoradi International Company (TICO), Volta River Authority …
GNFS Western Command engages some corporate stakeholders on fire preventionJoy Online
… I Institutions visited included the Bank of Ghana, GOIL PLC, Ghanstock, Western Terminals, Zen Terminal, Keda Ceramics, Takoradi International Company (TICO), the Volta River Authority, Harlequin Oil and Gas, and Western Serene Atlantic Hotel. …
Fire Service engages industries to boost emergency preparedness in Western RegionJoy Online
The Management of the Volta River Authority (VRA) has issued a public warning against individuals fraudulently representing themselves as agents of the Authority and purporting to offer employment opportunities in exchange for payment or other forms of inducement. …
VRA warns public over recruitment scam, says it does not charge feesBusiness & Financial Times
… Net profit versus asset size, FY2024 ECG, Ghana Water, COCOBOD and the Volta River Authority occupy the bottom and right of the chart — big, asset-heavy, and deeply in the red. …
Most state enterprises made money in 2024: The cedi made sure the state still lost GH¢9.7bnThe Ghanaian Times
The Senior Staff Association of the Volta River Authority (VRA) has kicked against the government’s proposed privatisation of the Northern Electricity Distribution Company (NEDCo), warning that the planned Private Sector Participation (PSP) arrangement could further derail utilit …
VRA Senior Staff Association kicks against privatisation of NEDCoJoy Online
The Chief Executive of the Volta River Authority (VRA), Mr Edward Ekow Obeng-Kenzo, has been honoured as Energy Sector Chief Executive of the Year at the 10th Ghana CEO Summit held at the Kempinski Hotel Gold Coast City in Accra. …
VRA CEO named energy sector Chief Executive of the Year at 10th Ghana CEO SummitThe Tema Oil Refinery has reduced its debt from $650 million to about $300 million through a restructuring programme supported by the Energy Sector Levies Act, according to its Managing Director. The refinery has also settled exposures to four banks as part of efforts to restore its financial viability.
27 October 2026 · Joy Online →
The Tema Oil Refinery has reduced its debt from $650 million to about $300 million through a restructuring programme supported by the Energy Sector Levies Act, according to its Managing Director. The refinery has also settled exposures to four banks as part of efforts to restore its financial viability.
27 October 2026 · Joy Online →
Tema Oil Refinery's managing director reports the refinery was near total collapse upon his January 2025 appointment, with GH¢10 billion in accumulated losses, debt of $517 million, and two major production units non-functional since 2019 and 2021 respectively.
26 October 2026 · The Ghanaian Times →
The Volta River Authority will defend its title at the University of Ghana Corporate Tennis Championship on Saturday, October 24, 2026, against GOIL Ghana, Stanbic Bank Ghana, and the Ghana Civil Aviation Authority. VRA won the inaugural 2025 edition by defeating GOIL in the final, winning both doubles matches (9–4 and 9–5).
22 October 2026 · Joy Online →
The Asuogyaman District Assembly has petitioned the Minister for Local Government to review its 2025 DPAT results, alleging that evidence of completed activities was not adequately reflected in its scores. The Assembly claims it implemented 96 per cent of its Annual Action Plan activities but received zero marks on several indicators despite submitting supporting documents.
22 October 2026 · The Chronicle →
The Network of Administrative Professionals Ghana held a two-day Administrative Professionals Summit on 8–9 October 2026 in Accra, drawing over 90 virtual participants and about 85 in-person delegates to focus on positioning administrative professionals as strategic contributors to organisational value.
12 October 2026 · Joy Online →
Energy Minister John Abdulai Jinapor has flagged insufficient redundancy in Ghana's power generation system as a challenge to reliable electricity supply. He said the Ministry is working to restore idle VRA plants and maximize Akosombo Dam capacity to reduce reliance on expensive private-sector power.
12 October 2026 · Joy Online →
Representatives of 52 communities resettled for the Akosombo Dam have urged the government to accelerate compensation payments. A process that began in 2008 was halted in 2010 after identified lapses; four trenches of an eight-tranche payment have been made so far.
10 October 2026 · Joy Online →
The Energy Minister announced that Ghana has procured more than 2,000 transformers to strengthen electricity distribution and support growing demand, as electricity access increased to 89.13 per cent and installed generation capacity reached 5,854 megawatts.
10 October 2026 · Joy Online →
Dr John Abdulai Jinapor, Minister for Energy and Green Transition, cautioned board chairpersons and chief executives of state-owned energy institutions that strained working relationships and internal conflicts could cost them their positions, even if they achieve results. He stressed that effective teamwork, mutual respect and accountability were essential to institutional performance.
9 October 2026 · Joy Online →
The Volta River Authority has warned that payment delays, inter-utility debt, and revenue shortfalls threaten its liquidity despite generating GH¢8.9 billion in electricity revenue in 2025. Electricity revenue declined 4.0% year-on-year while cost of sales increased 4.0%, though the Authority recorded a net profit of GH¢88 million.
2 October 2026 · Joy Online →
The Volta River Authority Board Chairman has called for Ghana to reduce power supplies proportionately to neighbouring countries during electricity shortfalls, rather than cutting them off completely, to preserve important markets and long-term commercial relationships.
2 October 2026 · Joy Online →
The Krachi East Municipal Chief Executive has commended Zoomlion Ghana Limited for its corporate social responsibility activities, including free waste management services and cleanup exercises. He noted that Zoomlion's IRECOP facility at Yabram has been critical for the municipality's waste disposal, particularly since the area lacks a dedicated landfill site.
22 September 2026 · Joy Online →
The Ministry of Finance plans to write off about $120 million of Tema Oil Refinery's legacy debt, which currently stands at about $400 million, according to TOR's Managing Director. The proposed write-off is part of efforts to ease the refinery's financial burden following an earlier restructuring exercise.
22 September 2026 · Joy Online →
Ghana is pursuing expanded regional electricity cooperation with Nigeria as part of plans to strengthen its position as a regional electricity hub. The proposed arrangement could involve Nigeria supplying natural gas to Ghana for electricity generation, with Ghana subsequently supplying electricity back to Nigeria, while Ghana currently exports electricity to Togo, Benin and Burkina Faso.
20 September 2026 · Joy Online →
Corruption Watch investigation questions procurement and ownership of sports facilities built under the One Constituency, One Astroturf programme, with two senior former officials linked to ownership disputes over facilities in Hohoe and Agogo constructed with more than GH¢17 million in public funds. The investigation is the first in a series examining 169 astroturf and sports infrastructure projects representing over GH¢1 billion in public investments.
16 September 2026 · Joy Online →
Anti-corruption campaigner Edem Senanu has called on the Office of the Special Prosecutor to investigate alleged breaches of procurement laws surrounding multi-million-cedi astroturf projects across Ghana, and also urged probes into possible conflict-of-interest issues involving MPs who are ministers in supporting development projects.
16 September 2026 · Joy Online →
The IMF has raised concerns about the politicisation of boards and chief executive appointments at Ghana's State-Owned Enterprises, saying boards of major SOEs are largely dominated by political appointees, with board chairs frequently being ministers, MPs, or prominent party officials, which the IMF says departs significantly from OECD guidelines that caution against active politicians serving on SOE boards.
11 September 2026 · Daily Guide →
The Majority Chief Whip has accused the IMF of showing political bias against the NDC government following the Fund's assessment of governance in Ghana's state-owned enterprises, arguing that the IMF criticises NDC administrations over practices also prevalent under NPP rule. The IMF report identified the politicisation of board and chief executive appointments as a major weakness, noting that appointments remain highly political and centralised in the Presidency despite Ghana's framework intended to make them merit-based.
11 September 2026 · Joy Online →
The International Monetary Fund has warned that continued appointment of active politicians to Ghana's State-Owned Enterprise boards could weaken corporate governance and accountability, citing examples including the Ghana Ports and Harbours Authority and Volta River Authority where board chairs and members are political appointees.
11 September 2026 · Joy Online →
Ten state-owned enterprises collectively recorded a net loss of GH¢8.8 billion in 2024, about 1.0% of GDP, with the Electricity Company of Ghana accounting for 85% of those losses. The IMF attributed the losses mainly to high financing costs, which reached GH¢9.4 billion—nearly six times the earnings before interest and tax.
10 September 2026 · Joy Online →
The International Monetary Fund has identified the politicisation of board and chief executive appointments as a major weakness in Ghana's state-owned enterprises, warning that the practice undermines the independence and professionalism of boards despite established frameworks intended to make appointments merit-based. The IMF cited examples including the Ghana Ports and Harbours Authority, where the board was chaired by the national chairman of the governing party, and the Volta River Authority, which has prominent politicians on its board alongside technocrats, noting these arrangements depart from OECD standards that emphasise independent and professional majorities.
10 September 2026 · Joy Online →
State-owned enterprises in Ghana recorded total revenue of GH¢176.43 billion in 2025, a 28.12 per cent increase from GH¢137.64 billion in 2024, with net profit after tax reaching GH¢19.80 billion, according to the State Ownership Report released by the State Interests and Governance Authority.
1 September 2026 · Joy Online →
The Volta River Authority returned to profitability in 2025, posting a net profit of GH¢88.04 million, reversing a net loss of GH¢105.75 million in 2024, primarily driven by a foreign exchange gain of GH¢236.60 million according to the 2025 State Ownership Report.
31 August 2026 · Joy Online →
The Electricity Company of Ghana accounted for GH¢82.31 billion of total liabilities held by Ghana's state-owned enterprises in 2025, according to SIGA's State Ownership Report. Despite an overall 4.31 per cent decline in combined SOE liabilities to GH¢281.99 billion, SIGA warned that significant financial risks remained concentrated in a small number of entities, with ECG among five SOEs that recorded losses in each year from 2021 to 2025.
31 August 2026 · Joy Online →
Ghana's state-owned enterprises recorded a consolidated net profit after tax of GH¢19.80 billion in the 2025 financial year, ending four consecutive years of net losses, according to SIGA's 2025 State Ownership Report. Total SOE revenue increased by 28.12 per cent from GH¢137.64 billion to GH¢176.43 billion, marking a significant turnaround from the GH¢2.25 billion net loss in 2024.
31 August 2026 · Joy Online →
The Office of the Special Prosecutor has named former Power Minister Kwabena Donkor and four others as main persons of interest in its investigation into Ghana's connection to the bribery case of Asante Kweku Berko, who was convicted in New York in August 2026 over a scheme involving alleged bribes to Ghanaian officials between 2014 and 2015 linked to a fuel oil plant project in Tema.
26 August 2026 · Joy Online →
Energy Minister Dr John Abdulai Jinapor has acknowledged that Ghana's transmission network requires urgent investment to address critical infrastructure gaps, noting particularly vulnerabilities in transmission lines between Kumasi and Accra. He attributed some financing difficulties to IMF programme restrictions on state-owned energy enterprises.
22 August 2026 · Joy Online →
The Principal of Shama Technical Institute says inadequate infrastructure is straining teaching and learning, and has appealed to the government, private sector and stakeholders to help complete a three-storey classroom block started in 2022 and fund other facilities including dormitories, an assembly hall, and practical workshops.
21 August 2026 · The Ghanaian Times →
K.T. Hammond, lawyer for former Power Minister Dr Kwabena Donkor, defended a Ghanaian technical team's trip to Istanbul to inspect equipment for the Aksa Energy power deal as standard technical due diligence required before major power-generation equipment is shipped to Ghana. The comments come amid renewed scrutiny following the U.S. conviction of former Tema Oil Refinery Managing Director Asante Kwaku Berko for his role in a bribery scheme involving Ghanaian officials and the power plant deal.
10 August 2026 · Joy Online →
Dr Kwabena Donkor has denied ever meeting convicted former Goldman Sachs banker Asante Berko or demanding or receiving money connected to the controversial Aksa Energy power deal. Berko was convicted in August 2026 of conspiracy to violate the Foreign Corrupt Practices Act and paying over US$1 million in bribes to multiple Ghanaian officials between 2014 and 2015.
10 August 2026 · Joy Online →