Alexander Afenyo-Markin, the Board Chairman of the Electricity Company of Ghana (ECG), has dismissed recent calls for the board’s dissolution. He describes the calls as unjustified and misplaced.
The Africa Centre for Energy Policy (ACEP) recently urged the removal of ECG’s board, citing allegations of mismanagement and significant financial losses. ACEP expressed concern over the company’s growing revenue losses, which reportedly increased from GH¢295 million in 2017 to GH¢9.7 billion by 2022.
The organization attributed this surge to inefficiencies within the ECG’s management and called for the board’s removal to rectify the situation.
Alexander Afenyo-Markin, Chairman of the ECG Board, responded to these calls during the appointment of David Asamoah as the acting Managing Director on Thursday, September 26. He stressed that stakeholder engagement, not board dismissal, is required for the company’s smooth operation.
He further stressed that engaging key players within the energy sector and addressing operational issues would more effectively resolve the company’s challenges rather than resorting to board dismissal.
“I think that is a misplaced position. However, I accept that we must place our shoulders on the wheel for reforms. I mean, from outside and coming in. I think that ECG can be very efficient if we subject ourselves to reforms. And reform would involve engaging all stakeholders internally and communicating these to the external stakeholders.”
“So it is an all-inclusive matter, and I don’t want this blame game approach that we are blaming the public, and the public is also blaming us.”
