ECG

ECG Leverages National Identification Card To Curb Revenue Losses
21 Jan

ECG Leverages National Identification Card To Curb Revenue Losses

CUD Wontumi0 CommentsBusiness
Paul Ofori operates an internet café and printing press in Ashaley Botwe, a suburb of the capital, Accra. He ran out of power on a particular Saturday and could not buy with an app provided by the Electricity Company of Ghana (ECG), because of system failures. Ofori decided to find a way out and called an electrician in the neighborhood to re-connect him illegally, so he could work over the weekend and get the issue rectified on Monday. To his surprise just when he was opening the office on Monday morning, Ofori told the B&FT that officers from the ECG…
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GH₵490m Unaccounted For By ECG In Three Months – Audit Report
17 Jan

GH₵490m Unaccounted For By ECG In Three Months – Audit Report

CUD Wontumi0 CommentsBusiness
An audit of the Electricity Company of Ghana’s (ECG) revenue collection revealed a discrepancy of GH₵490 million between October and December 2023. This discrepancy concerns the company’s tariff and non-tariff revenue generated. In the audit report shared by the Public Utilities Regulatory Commission (PURC), the discrepancy was identified between the regional bank accounts and the headquarters’ account of ECG. According to the report, “Between October and December 2023, ECG reported a revenue of GH₵3.38 billion. However, based on information from the Head Office bank accounts analysed, the recorded revenue was GH₵3.87 billion.” The report disclosed that the unaccounted funds were…
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PUWU Reiterates Opposition To ECG Privatisation
14 Jan

PUWU Reiterates Opposition To ECG Privatisation

CUD Wontumi0 CommentsBusiness,
The Public Utility Workers’ Union of TUC Ghana (PUWU) has reiterated its opposition against the privatisation of the Electricity Company of Ghana (ECG). In a statement to congratulate President John Mahama, PUWU said its position forms part of its commitment to sustainable solutions for the energy sector. PUWU said it has taken notice of the recommendations of the proposal to the energy sector crisis from various interest groups. The union, however, criticized the proposals for their lack of evidence and insufficient stakeholder engagement, particularly regarding those advocating for privatization. “We are not unaware of the numerous local and international groups seeking to…
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Impending Shutdown Of Three Power Plants Won’t Happen – ECG MD
24 Nov

Impending Shutdown Of Three Power Plants Won’t Happen – ECG MD

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The acting Managing Director of the Electricity Company of Ghana (ECG) Ing. David Boadi Asamoah has reassured the public that the feared shutdown of three power plants will not occur. The Chief Executive Officer of the Independent Power Producers (IPP), Dr Elikplim Kwabla Apetorgbor, had hinted that three power plants are set to shut down next week due to debts owed to the IPPs. According to him, the government has failed to honour its promises to pay the $259 million debt owed by the Electricity Company of Ghana (ECG). Already, Sunon Asogli power plant has shut down for the same…
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Government Insists On Private Participation In ECG
31 Oct

Government Insists On Private Participation In ECG

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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…
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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

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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…
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Court Remands Unemployed Man Over ECG Meter Theft
04 Oct

Court Remands Unemployed Man Over ECG Meter Theft

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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…
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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

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

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

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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…
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ECG Clamps Down On Power Theft With New Loss Reduction Project
09 Sep

ECG Clamps Down On Power Theft With New Loss Reduction Project

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The Ashanti South Region of the Electricity Company of Ghana (ECG) has launched a new initiative aimed at curbing power theft and addressing the persistent issue of meter shortages. The initiative dubbed the Loss Reduction Project involves the installation of advanced smart prepaid meters equipped with sophisticated features to detect and prevent illegal tampering. As part of the project, old postpaid meters are being replaced with new smart meters, which are designed to tackle illegal power consumption and reduce revenue losses. The initiative aims to ensure that meters are more accessible to consumers, alleviating the long-standing challenges many customers face due to…
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