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The State Interests and Governance Authority (SIGA) has directed the Bui Power Authority (BPA) to start paying dividends to the government by the end of the 2025 financial year. This move aims to position state-owned enterprises like BPA as vital economic assets driving Ghana’s socio-economic development.
BPA reported a total revenue of $139.7 million in 2024, slightly above its target of $139.5 million, despite an 11.1% decline from the previous year due to reduced generation from lower inflows into its reservoir.
The authority’s net profit reached $64.5 million, almost double its target of $33.6 million, thanks to tighter cost controls.
SIGA’s General Manager of Operations, Millicent Atuguba, emphasized that BPA should be efficient, profitable, and pay dividends to the government, marking a reset in the contribution of state-owned enterprises to non-tax revenue and national economic growth.
BPA plans to complete ongoing solar projects by the close of 2025 and commence development of 300-500 megawatts of solar PV capacity with battery storage systems by 2026 ¹ ².
BPA faces growing cash flow challenges due to delays in payments by key customers, with accounts receivable rising to over $860 million in 2024.
The authority is also addressing environmental concerns, including illegal mining and bushfires around the Bui reservoir, which pose risks to its operations
