Audio By Carbonatix
The Food and Beverages Association of Ghana (FABAG) has launched an attack on the Electricity Company of Ghana (ECG) following damning revelations by Parliament’s Public Accounts Committee (PAC) about deep-seated financial mismanagement within the power distributor.
In a statement, FABAG said the PAC’s findings only confirm what the association has long argued, that ECG’s financial troubles stem not from low tariffs but from entrenched inefficiencies, weak management systems, and massive revenue leakages.
According to the association, the PAC’s disclosures of unaccounted funds, unapproved expenditures, and poor internal controls within ECG expose a pattern of waste that erodes public trust and unfairly burdens consumers.
“These findings confirm what FABAG has consistently maintained — that the persistent financial troubles of ECG are not primarily due to inadequate tariffs but rather the result of weak financial management, revenue leakages, and operational inefficiencies,” the statement read.
FABAG said it is “unjustifiable” for ECG to demand higher tariffs from Ghanaians and businesses while the company continues to lose money through mismanagement and poor governance.
The association has, therefore called on the Ministry of Energy and the Energy Commission to conduct immediate performance audits and impose strict accountability measures within ECG to ensure prudent use of public resources.
It also urged the Public Utilities Regulatory Commission (PURC) to suspend all ongoing or future tariff review processes until ECG demonstrates measurable improvements in efficiency and cost control.
In addition, FABAG wants ECG’s management to publish a clear roadmap outlining its cost-cutting, loss-reduction, and reform strategies to restore confidence in its operations.
“Efficiency, accountability, and transparency must precede any consideration of tariff adjustments,” FABAG insisted. “Ghanaians deserve reliable electricity at fair prices — not higher tariffs to finance inefficiency.”
The association also threw down the gauntlet to ECG, inviting the power company to an open public debate if it disagrees with FABAG’s position on the matter.
“ECG can engage FABAG in an open debate on any area where it disagrees on this matter,” the statement said, adding that the association remains committed to dialogue and collaboration on reforms needed to fix Ghana’s power sector.
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