President-elect John Dramani Mahama has expressed serious concerns about the governance of the Electricity Company of Ghana (ECG), highlighting the alarming 32% in commercial and technical losses.
He emphasized that these unsustainable losses are severely harming the sector and require urgent action to safeguard the country’s energy future.
Mahama warned that failing to address these issues could jeopardize progress made through the debt exchange program and the ongoing International Monetary Fund (IMF) agreement.
He stressed the need for immediate reforms at ECG to stabilize the sector and prevent further strain on the nation’s financial commitments.
“The energy sector has the potential to derail all the gains we’ve made through the debt exchange and the IMF program because debt keeps accumulating. ECG’s governance is in a critical state, resulting in losses of over 32%,” Mahama stated.
“No utility company can remain viable with 32% in losses. Urgent reforms are necessary across the entire electricity value chain.”
