The Minister for Energy and Green Transition, John Abu Jinapor, has disclosed that the Electricity Company of Ghana (ECG) is currently saddled with a total debt of GHS 67.0 billion as of the end of March 2025.
Speaking on the floor of Parliament, the Minister outlined a series of government interventions aimed at addressing the utility company’s mounting debt. These include efforts to boost revenue generation, reduce system losses, and enhance operational efficiency.
He revealed that as part of the strategy, performance contracts were signed in April 2025 with District Managers and General Managers across ECG’s operational regions. These contracts are being used to monitor and evaluate managerial performance, with a focus on accountability and results.
“One key initiative is the implementation of region and district boundary metering,” the Minister said. “This will enable more accurate measurement of power consumption and is expected to significantly reduce technical and commercial losses while improving revenue collection.”
Mr. Jinapor further explained that improving ECG’s collection rate will also increase its allocation under the Cash Waterfall Mechanism, a financial framework used to distribute revenue across the power sector. Increased allocations to ECG, he said, would be directly applied toward reducing the company’s debt burden.
The disclosure came in response to a question posed by the Member of Parliament for Keta, Kwame Dzidzorli Gakpe, who sought clarity on ECG’s total indebtedness and the government’s plans to address the issue.
Source:Mybrytfmonline.com/Kwabena Nyarko Abronoma
