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President-elect John Dramani Mahama has expressed serious concerns about the governance and performance of the Electricity Company of Ghana (ECG), citing its unsustainable commercial and technical losses, which currently exceed 32%.
According to Mahama, these significant losses are placing an immense strain on the energy sector and jeopardizing its long-term viability. “ECG’s governance is in a very bad way, and so they are making commercial and technical losses of more than 32%,” he stated.
He warned that if these challenges are not addressed urgently, they could undermine the gains made 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,” he explained.
Mahama stressed the importance of immediate reforms in the electricity value chain to safeguard the sector and ensure its sustainability. “No utility company can survive with 32% of technical and commercial losses and continue to be a viable utility,” he said.
He called for swift and comprehensive reforms to stabilize the sector, reduce losses, and secure the nation’s energy future.
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