The Board Chairman of the Electricity Company of Ghana (ECG), Alexander Afenyo-Markin, has dismissed recent calls for the board's dissolution as unjustified and misplaced.

These calls, primarily from the Africa Centre for Energy Policy (ACEP), are based on allegations of mismanagement and escalating financial losses within the company.

ACEP has 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 organisation has attributed this surge to inefficiencies within the ECG's management and has called for the board's removal as a step towards rectifying the situation.

However, during the appointment of David Asamoah as the acting Managing Director of ECG, Afenyo-Markin responded by stating that dissolving the board is not the solution to the company's challenges.

He argued that what is needed instead is a stronger focus on stakeholder engagement and collaboration to ensure ECG’s efficient operations.

The ECG Board Chairman further stressed that engaging key players within the energy sector and addressing operational issues would resolve the company's challenges more effectively, rather than resorting to board dismissal.

“I think that is a misplaced position. However, I accept the fact that we must place our shoulders to 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.”