The Minority in Parliament has announced that a future National Democratic Congress (NDC) government will prioritise engaging local entrepreneurs in the billing and revenue collection processes for the Electricity Company of Ghana (ECG).
This initiative is aimed at addressing the ongoing financial losses faced by the power distributor.
A recent letter from the Public Utilities Regulatory Commission (PURC) revealed that the ECG is grappling with severe financial difficulties, which could push the company toward potential bankruptcy.
Speaking to journalists in Accra, the Ranking Member of Parliament’s Energy Committee, John Jinapor, assured that under a John Dramani Mahama-led administration, the NDC is committed to implementing measures that will restore the ECG to profitability.
“And now the losses have increased from 22 percent to more than 30 percent. No utility can survive with a loss of more than 30 percent.
“That is unacceptable. President Mahama has already indicated that on assumption of office, we will turn around the energy sector.
“We will make ECG once again profitable in partnership with local Ghanaian entrepreneurs. You can help us with the billing and collection through a concession so that we can reduce the losses.
“If we do not reduce the losses, we cannot make any progress. But more importantly, we need to stabilise the currency so that it can anchor the growth that we expect.”
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