Audio By Carbonatix
The National Democratic Congress (NDC) has identified poor revenue collection by the Electricity Company of Ghana (ECG) as the key factor crippling the energy sector and exacerbating the country’s erratic power supply.
According to the NDC Manifesto Spokesperson on Energy, Edward Bawa, ECG's inability to collect adequate revenues has hampered its capacity to meet financial obligations to Independent Power Producers (IPPs).
In an interview with JoyNews, he highlighted that in March 2023, ECG collected only GH₵ 394 million of an expected GH₵ 1.6 billion, a revenue shortfall of about 76%.
"In March 2023, the expected revenue they [ECG] were supposed to collect based on the tariff that has been approved was around GH₵ 1.6 billion. The actual revenue they collected was around GH₵394 million, so a shortfall of about 76 per cent. So basically, you cannot be making those payments.
“Can you explain why you have an installed capacity of ASKA being 370 megawatts, let’s say based on their efficiency and other things, they should be doing around 300 megawatts so how come they are running around 100 megawatts? There should be a reason for it … and part of the reason is that they cannot even procure fuel to run the ASKA plant,” he said.
The crisis deepened with Sunon Asogli Power Ltd. ceasing operations due to ECG's $259 million debt. The company explained that the shutdown was necessary as it could no longer sustain operations without the overdue payments being honoured.
Read also: Sunon Asogli Power shuts down due to $259m debt owed by ECG
However, ECG’s acting Managing Director, Ing. David Asamoah, has announced steps to address the crisis, including a shift from monthly to weekly payments to IPPs.
He assured that Sunon Asogli would resume operations in the coming weeks as the company works to resolve the financial challenges.
“Sunon Asogli has gone off because of debts. But the good news about Sunon Asogli is that they are going to be back in the coming weeks because we have almost resolved the issue that made them go off,” he said.
“We started paying them on a weekly basis, not monthly.”
Latest Stories
-
Anthony Joshua discharged from hospital after fatal road crash
2 hours -
Trump media firm to issue new cryptocurrency to shareholders
2 hours -
Ebo Noah arrested over failed Christmas apocalypse and public panic
3 hours -
‘Ghana’s democracy must never be sacrificed for short-term politics’ – Bawumia
3 hours -
Bawumia congratulates Mahama but warns he “cannot afford to fail Ghanaians”
3 hours -
CICM backs BoG’s microfinance sector reform programme; New Year Debt Recovery School comes off January-February 2026
4 hours -
GIPC Boss urges diaspora to invest remittances into productive ventures
4 hours -
Cedi ends 2025 as 4th best performing currency in Africa
4 hours -
Fifi Kwetey brands calls for Mahama third term as ‘sycophancy’
4 hours -
Bawumia calls for NPP unity ahead of 2028 elections
4 hours -
Police restore calm after swoop that resulted in one death at Aboso
4 hours -
Obaapa Fatimah Amoadu Foundation launches in Mankessim as 55 artisans graduate
5 hours -
Behold Thy Mother Foundation celebrates Christmas with aged mothers in Assin Manso
5 hours -
GHIMA reaffirms commitment to secured healthcare data
5 hours -
John Boadu pays courtesy call on former President Kufuor, seeks guidance on NPP revival
5 hours
