Aksa Energy Executives Meet Ghana Tax Chief in Accra
Key Facts
- —What happened Aksa Energy executives met Ghana Revenue Authority Commissioner-General Anthony Kwasi Sarpong in Accra on 2 October 2026 to discuss tax compliance and taxpayer engagement.
- —Current capacity Aksa reports 549 megawatts of operating power capacity in Ghana across its Tema and Kumasi plants.
- —The expansion Aksa has announced an 825 megawatt gas-fired Takoradi project backed by a 20-year dollar-denominated power-purchase agreement with the Electricity Company of Ghana.
- —The catch Dollar-linked guarantees can support investment but expose Ghana and the Electricity Company of Ghana to foreign-exchange and payment risks.
- —Who it hits Ghanaian taxpayers and electricity consumers carry the long-term cost of guaranteed power-purchase agreements.
- —What comes next Watch whether the Takoradi project reaches financial close and how the Ghana Revenue Authority treats Aksa’s tax filings in the coming quarters.
Aksa Energy Ghana executives met the country’s tax chief in Accra to align on compliance as the Turkish power producer expands its footprint in West Africa’s electricity market.
A delegation from Aksa Energy, the Turkish power producer, paid a courtesy call on Ghana Revenue Authority (GRA) Commissioner-General Anthony Kwasi Sarpong at the authority’s Accra headquarters on 2 October 2026. The meeting focused on tax compliance, taxpayer engagement and what both sides described as responsible corporate citizenship.
Aksa Energy Ghana delegation meets the tax authority
The Aksa team was led by Chief Finance Officer Cevdet Yalcin and included West Africa Director Murat Captug and Finance Manager Oguz Cimen. GRA Technical Adviser Elsie Appau-Klu also attended the session.
The visit signals a maturing relationship between Ghana’s revenue authority and one of the country’s most significant private power suppliers. Aksa is part of Turkey’s Kazancı Holding and has become a major player in Ghanaian electricity generation.
For the GRA, engaging large foreign investors directly is part of a broader push to strengthen domestic revenue mobilisation. Ghana has faced constrained public finances, making tax compliance from major corporate players a priority.
The scale of Aksa Energy Ghana operations
Aksa’s Tema plant has operated since 2017 and the company reports 370 megawatts of capacity there. Its first 179 megawatt Kumasi phase has been converted to combined-cycle operation, bringing current Ghana capacity to 549 megawatts.
The Kumasi facility is financed, built and operated by Aksa under a 20-year, US-dollar-denominated guaranteed-sales agreement. Such structures provide revenue certainty for investors but shift currency and payment risk onto the Ghanaian side.
The strategic expansion is larger still. Aksa has announced an 825 megawatt gas-fired Takoradi project backed by a 20-year dollar-denominated power-purchase agreement with the Electricity Company of Ghana (ECG).
If completed, Ghana capacity would rise to 1,545 megawatts. Aksa’s African portfolio would reach 2,240 megawatts, including operations in Senegal, Gabon and Burkina Faso.
Why the tax meeting matters for Ghana’s fiscal position
The courtesy call links tax administration directly to Ghana’s electricity-sector liabilities. Dollar-linked guarantees can support foreign investment and fuel generation capacity, but they also expose the state and ECG to foreign-exchange and payment risks.
Ghana has struggled with power-sector debts and currency pressures in recent years. A large guaranteed-sales agreement denominated in US dollars adds a long-term contingent liability to the public balance sheet.
The GRA’s engagement with Aksa suggests authorities want to ensure that foreign power producers contribute fully to the domestic tax base. That matters as Ghana seeks reliable generation alongside fiscal consolidation.
Turkey’s growing footprint in West African energy
The Aksa expansion extends Turkey’s commercial and geopolitical footprint in West African energy infrastructure. Turkish companies have increasingly won power, construction and logistics contracts across the region.
For Ghana, the appeal is clear: private capital can deliver generation capacity without immediate public spending. The trade-off is a long-term commitment to purchase power at agreed terms, often in foreign currency.
This fits a broader pattern of South-South investment flows reshaping African infrastructure. The dynamic echoes themes covered in Africa: The New Scramble, where middle-income powers compete for influence through energy and minerals deals.
What to watch next in the Aksa Energy Ghana story
The Takoradi project remains the key variable. Financial close and construction timelines will determine whether Aksa’s Ghana capacity more than doubles from 549 megawatts to 1,545 megawatts.
Tax compliance will also be tested. The GRA has signalled it expects large investors to meet their obligations, and Aksa’s future filings will show whether the Accra meeting translates into concrete outcomes.
For investors, the central question is whether dollar-denominated guaranteed-sales agreements remain sustainable for Ghana’s public finances. The answer will shape the appetite for similar deals across West Africa.
Related reading: Cameroon Neighbours Explained, Central Africa in 2026; Eritrea Explained 2026, a Red Sea Country Guide; DR Congo Neighbours Explained, Central Africa in 2026; more from Africa.
Frequently asked questions
Who attended the Aksa Energy meeting with the Ghana Revenue Authority?
Aksa Energy’s Chief Finance Officer Cevdet Yalcin, West Africa Director Murat Captug and Finance Manager Oguz Cimen met GRA Commissioner-General Anthony Kwasi Sarpong and Technical Adviser Elsie Appau-Klu in Accra on 2 October 2026.
How much power does Aksa Energy currently generate in Ghana?
Aksa reports 549 megawatts of operating capacity in Ghana, made up of 370 megawatts at Tema and 179 megawatts at Kumasi after conversion to combined-cycle operation.
What is the Takoradi project and why does it matter?
The Takoradi project is an 825 megawatt gas-fired plant backed by a 20-year dollar-denominated power-purchase agreement with the Electricity Company of Ghana, which would lift Aksa’s Ghana capacity to 1,545 megawatts if completed.
What risks do dollar-denominated power-purchase agreements pose for Ghana?
Dollar-linked guarantees can support investment but expose Ghana and the Electricity Company of Ghana to foreign-exchange and payment risks. Ghanaian taxpayers and electricity consumers carry the long-term cost of guaranteed power-purchase agreements.
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This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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