Mahama raises alarm over ECG challenges, calls for urgent reforms
President-elect John Dramani Mahama has expressed concerns over the state of governance at the Electricity Company of Ghana (ECG), citing unsustainable commercial and technical losses exceeding 32 per cent.
According to him, these losses pose a severe threat to the country’s energy sector and require immediate attention to safeguard Ghana’s financial stability and energy future.
Speaking on the matter, Mr. Mahama warned that failure to address the inefficiencies in the ECG could undermine the progress achieved through the debt exchange programme and the ongoing International Monetary Fund (IMF) agreement.
“The energy sector can derail everything that we have done with regard to the debt exchange and with regards to the IMF programme because debt continues to pile up there. ECG’s governance is in a very bad way, and so they are making commercial and technical losses of more than 32 per cent,” Mr. Mahama stated.
He further underscored the dire consequences of the current situation, insisting that no utility company can remain viable with such losses.
“No utility company can survive with 32 per cent of technical and commercial losses and continue to be a viable utility. So as quickly as possible, we need to do reforms in the whole electricity value chain,” he emphasised.
Source: classfmonline.com
