The Energy Minister-Designate, John Jinapor, has instructed the Electricity Company of Ghana (ECG) to immediately stop supply payments. This directive aims to address inefficiencies and stabilize ECG’s operations to improve financial and operational performance.
Speaking to Citi FM on January 9, 2025, Jinapor expressed concerns over ECG’s substantial revenue losses.
He identified operational inefficiencies, including over 70 separate accounts, as a key challenge to effective monitoring and control.
“The core issue lies in inefficiencies. ECG loses more than 40% of the power it generates, which is unsustainable. Comparatively, other countries have power losses as low as 2-4%. When ECG sells $100 worth of power, only 60% is recovered, and even then, deductions for contracts, IT services, and other provisions further erode revenues,” Jinapor explained.
Jinapor warned ECG staff, especially those in finance, against ignoring the directive, promising severe penalties for non-compliance.
“This is an instruction from the Chief of Staff. Payments for supplies must cease immediately. I want to be very clear—failure to adhere to this directive will attract serious repercussions,” he stated firmly.
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