Audio By Carbonatix
The Electricity Company of Ghana will today Monday cut power supply to indebted consumers including public institutions in the ashanti region.
Officials say the mass disconnection exercise has been necessitated by the increasing rate of tariff payment default which is crippling the company.
ECG says it is currently recovering only 40 per cent of its revenue target of 7.5 million Ghana Cedis a week.
It however struggles to raise sixty percent of the revenue which eighty percent of it pays creditors.
General Manager of ECG Ashanti West, Engineer Peter Poku tells Luv News the current situation has left the company unable to meet its commitment to creditors.
“The situation means losses because we have to pay our creditors and in this situation we are unable.
“That is why we are appealing to our customers to willingly pay their bills”, he stated.
He reveals the company only managed to collect 57 percent of its target.
“We buy and sell the energy. It is the profit we use to run the company so if they are then we cannot operate”, he said.
The company has observed customers owing ECG often illegally reconnect to the grid after they are disconnected.
The scheduled disconnection will therefore be undertaken with police support as the company cracks down on illegal power consumers.
“We are going all out for the disconnection. If you don’t pay, you will be disconnected. It is a criminal offense. The police is assisting us to arrest all those who will illegally reconnect.
“We call it the ‘night monitoring’ because we will go in the night with the police after we disconnect in the day.
Listen to audio
Latest Stories
-
Kufuor backs African-led economic forum, urges push for self-reliance
9 minutes -
Ziavi chieftaincy dispute deepens as rival factions install paramount chiefs
20 minutes -
Dr Bawumia and NPP will make sure we win the confidence of Ghanaians – Abu Jinapor
27 minutes -
Government, private sector back UNHCR agribusiness drive to boost refugee livelihoods
30 minutes -
The Prosecutor who could not prosecute (A Ghanaian Folktale from the Republic of Uncommon Sense)
1 hour -
MP urges stakeholders to prioritise education
2 hours -
Fuel price intervention ‘not a subsidy’ but gov’t taking a hit to protect consumers – Richmond Rockson
2 hours -
Government to forgo GH¢200m in revenue per pricing window as fuel price cuts take effect
2 hours -
Tsatsu Tsikata calls for compensation for SALL over 2020 electoral exclusion
2 hours -
Tsatsu Tsikata says he holds no bitterness over imprisonment, calls for fairness in justice system
2 hours -
We remain hopeful fuel prices will stabilise or drop – Richmond Rockson
2 hours -
Ghanaian pastor, 14 others arrested in Canada over alleged homeless fund fraud
2 hours -
Two suspects arrested over deadly attack on Berekum Chelsea team bus
2 hours -
Ashanti Regional Minister inspects Common Fund projects in Atwima Kwanwoma
2 hours -
Global climate outlook worrying despite Ghana’s progress – Minister
2 hours