ECG

Government Insists On Private Participation In ECG
31 Oct

Government Insists On Private Participation In ECG

Wontumi1Business
Government is ramping up efforts to engage the private sector in Electricity Company of Ghana (ECG) operations. The move is part of a broader strategy aimed at enhancing operational efficiency and ensuring long-term sustainability in response to ongoing financial challenges in the energy sector. Finance Minister Dr. Mohammed Amin Adam reaffirmed government’s commitment to reform the energy sector during the October 2024 IMF/World Bank meetings held last week. He highlighted a substantial annual shortfall of US$1.2billion (approximately GH¢18billion) in the energy sector, stating: “This is not acceptable. Funds that should be allocated to essential services like healthcare and education are…
Read More
Sunon Asogli Power Shuts Down Due To $259M Debt Owed By ECG
16 Oct

Sunon Asogli Power Shuts Down Due To $259M Debt Owed By ECG

Wontumi1News,
Sunon Asogli Power Ltd has announced the shutdown its operations due to the inability of the Electricity Company of Ghana (ECG) to pay its $259 million debt. The company in statement released on October 16, 2024 said it was compelled to shut down on October 8, at 5 PM due to the debt. “This difficult decision was necessitated by our inability to fund our operations because of the failure of the ECG to honour their overdue payment obligations and their various promises to that effect”, the statement said. It explained that Sunon Asogli Power has over the years been very considerate…
Read More
Court Remands Unemployed Man Over ECG Meter Theft
04 Oct

Court Remands Unemployed Man Over ECG Meter Theft

Wontumi1News,
The Weija Circuit Court has remanded Bismark Owusu, a 21-year-old unemployed man, into custody for two weeks, for stealing and causing damage to electricity meters. The meters belonging to the Electricity Company of Ghana (ECG) are valued at Gh¢10,000.00. The court presided over by Mr Joshua Caleb Abaidoo charged the accused with two counts of causing unlawful damage and stealing. Bismark, who has pleaded not guilty, is to reappear on October 10, 2024. The prosecution, led by Inspector Joseph Barabu, said on September 20, 2024, a complainant spotted a mob at “Choice” near Police Barrier, Weija in Accra, beating the…
Read More
We Haven’t Been Paid $25 Million By ECG – Hubtel Denies Claims
30 Sep

We Haven’t Been Paid $25 Million By ECG – Hubtel Denies Claims

Wontumi1Business,
The management of Hubtel has refuted claims that it received $25 million from the Electricity Company of Ghana for the development of its PowerApp. In a press release dated Monday, September 30, 2024, Hubtel clarified that the $25 million figure mentioned was merely a cost limit set by the ECG board directors at the start of the project. The company debunked claims that this amount was used as payment to Hubtel. “At the start of the project, $25 million was only a figure set out as the cost limit by the Board of Directors of ECG. Hubtel has NOT been…
Read More
PURC Missed The Point On Cash Waterfall Mechanism, Fuel Purchases – ECG
19 Sep

PURC Missed The Point On Cash Waterfall Mechanism, Fuel Purchases – ECG

Wontumi1News,
The Electricity Company of Ghana says the latest report by the Public Utilities Regulatory Commission (PURC) on the operations of the power distributor as they relate to the Cash Waterfall Mechanism (CWM), leaves much to be desired. In expressing disappointment with the PURC’s review of the CWM, ECG said in a statement issued Thursday that the report misrepresents key issues. According to the ECG, its fuel costs, crucial to maintaining operations, were inaccurately labelled as a “variance,” and while ECG has made significant progress, such as independently procuring fuel, it is framed negatively in the report. Additionally, ECG said the…
Read More
New Meters Boost Revenue; Let’s Not Politicize Replacement Exercise – ECG
04 Sep

New Meters Boost Revenue; Let’s Not Politicize Replacement Exercise – ECG

Wontumi1News
The Electricity Company of Ghana (ECG) has dismissed allegations that the ongoing installation of new prepaid meters is an attempt to overbill customers for power consumed. According to the company, the new meters are designed to accurately reflect energy consumption, and concerns about overbilling are unfounded. Speaking at the launch of the Meter Replacement Exercise in Accra East, ECG's Managing Director, Samuel Dubik Mahama, explained the significance of this initiative as part of the company’s Loss Reduction Programme (LRP). He noted that the exercise has already led to a 30 percent increase in revenue while reducing ECG's operational losses. "The…
Read More
Nungua ECG Applauds Customer Compliance
27 Aug

Nungua ECG Applauds Customer Compliance

Wontumi2Business
The Nungua District of the Electricity Company of Ghana, which operates under its Tema Region, has commended its customers for their compliance and for allowing the staff to work in comfort. This was shared by the District Manager, Ing. James Teye who was giving an overview of their revenue mobilisation activity, which is currently ongoing. There have been previous reports where some customers had prevented ECG officials from accessing the meters. This time around, however, Ing. Teye said that "there has been a generally good and welcoming stance of our customers as we are on this revenue mobilisation agenda". He…
Read More
ECG Incurs GH¢893m Loss In 2 Months Over Metering System Upgrade
26 Aug

ECG Incurs GH¢893m Loss In 2 Months Over Metering System Upgrade

Wontumi2Business
The Director of Communications of the Electricity Company of Ghana (ECG) has revealed that the company incurred serious losses in the last two months due to the upgrading of its prepaid metering system. William Boateng stated that between July and August 2024, ECG recorded a revenue shortfall of over GH¢893,158,654. In an interview with Graphic Online, Mr Boateng blamed the loss on customers not paying for the actual amount of power consumed, indebtedness and the on-going process of replacing malfunctioning or obsolete meters. The Communications Director said the replacement of obsolete meters was a mandatory exercise sanctioned by the Public…
Read More
ECG Is Not Intentionally Fleecing Customers Through New meters – MD
16 Aug

ECG Is Not Intentionally Fleecing Customers Through New meters – MD

Wontumi1Business,
The Managing Director of the Electricity Company of Ghana, Samuel Dubik Mahama, has debunked assertions that its new meters are a ploy to fleece Ghanaians. According to him, the new meters work with the current tariffs therefore it shows the true representation of the lifestyle of customers. His comments come after numerous complaints about the new biometric meters. Mahama said: “On the other side, tariffs have also increased so it is not that ECG has intentionally put the meter out there to fleece our customers. No, we will not get anything from that. These meters are tested by the Ghana…
Read More
ECG Disconnects Kejetia Market Again Over GH¢7M Debt
14 Aug

ECG Disconnects Kejetia Market Again Over GH¢7M Debt

Wontumi1Business,
The Kumasi City Market, commonly known as the New Kejetia Market, has been disconnected from the national grid by the Electricity Company of Ghana (ECG) due to unpaid arrears exceeding GH¢7 million. Although a prior agreement was made to settle the debt, ECG said the market has defaulted on the payment plan, prompting the disconnection. In April 2024, the market faced a similar power outage, which was resolved after management assured their commitment to clearing the debt. Despite the creation of a payment plan, ECG maintains that the market has not adhered to it. Meanwhile, the market’s management, led by…
Read More