ECG

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

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

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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…
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Nungua ECG Applauds Customer Compliance
27 Aug

Nungua ECG Applauds Customer Compliance

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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…
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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

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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…
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ECG Is Not Intentionally Fleecing Customers Through New meters – MD
16 Aug

ECG Is Not Intentionally Fleecing Customers Through New meters – MD

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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…
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ECG Disconnects Kejetia Market Again Over GH¢7M Debt
14 Aug

ECG Disconnects Kejetia Market Again Over GH¢7M Debt

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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…
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ECG, Nine Others Owe GRA Over GH¢1 Billion In Unpaid Taxes
29 Jul

ECG, Nine Others Owe GRA Over GH¢1 Billion In Unpaid Taxes

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Some ten state institutions, including the Electricity Company of Ghana (ECG) and the Ghana Airports Company Limited (GACL), are reported to owe the Ghana Revenue Authority (GRA) over GH¢1 billion in unpaid taxes. According to officials from the revenue arm of the government, some of the mentioned institutions that remain viable have expressed their commitment to paying the taxes. This information was revealed when officials from the GRA appeared before the Public Accounts Committee on Monday, July 29, 2024. “GACL and Graphic Corporation currently have cash flow challenges. They have informed us that we need to grant them a moratorium to allow…
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ECG Gets Third Board Chairman In Under 6 Months
17 Jul

ECG Gets Third Board Chairman In Under 6 Months

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President Nana Addo Dankwa Akufo-Addo has appointed Alexander Kwamina Afenyo-Markin, the Majority Leader and Member of Parliament for Effutu, as the new Board Chairman of the Electricity Company of Ghana (ECG). This marks the third appointment to the position in the last six months, following the departures of Keli Gadzekpo and Herbert Krapa. The appointment was announced in a letter signed by the President's Secretary, Ambassador Nana Asante Bediatuo. In March, Keli Gadzekpo resigned as ECG board chair for personal reasons. He was succeeded by Herbert Krapa, the deputy energy minister, who was later appointed and confirmed as Minister of State at the Energy Ministry.…
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