Africa Centre for Energy Policy

The Africa Centre for Energy Policy (ACEP) wants answers to the Electricity Company’s (ECG) GH₵540million discretionary spending despite tight liquidity concerns within the power sector. ACEP, in statement, said the power distribution company discretionally spent GH₵540million out of the GH₵1.1billion it retrieved from consumers in March and April this year under the ongoing debt recovering exercise, without justification and in the face of tight liquidity concerns within the power value chain. Challenges in the sector are well-documented, with government struggling to settle a debt of GH₵1.9billion to Independent Power Producers (IPPs) by June end – due to the ECG’s inability…