The former Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, says under-declaration of revenues is not a criminal offence.
As such, he sees no issue with the recent report suggesting that ECG had failed to account for millions of generated revenue.
Defending his tenure at the company, he told JoyNews’ Isaac Kofi Agyei on The Pulse on Thursday, January 16, that “Under-declaration is not a criminal offence.”
He explained that the discrepancies arose because the company needed to pay salaries and other expenses before remitting the revenue to the state.
“Let’s look at the salary bill of ECG. Let’s consider how much ECG needs to keep the lights on in your districts, including maintenance on the lines. Where do you expect ECG to get that money from if ECG gives all the money it receives away?” he argued.
Mr Mahama further attributed the under-declaration to various factors, including foreign exchange volatility, where the US dollar's value increases the cost of the cedi.
According to the 2025 Ghana Energy Sector Recovery Programme (GESRP) report, ECG had under-declared a total of GH₵490 million between October and December 2023.
Read also: GH₵490m unaccounted for by ECG in three months – Audit report
Latest Stories
-
Attorney General Ayine won’t trade law for pressure – Deputy AG defends integrity of prosecutions
24 minutes -
Attorney General Ayine won’t prosecute without evidence – Deputy AG Srem Sai assures
1 hour -
Mahama to build Trauma and Emergency Centre in Walewale, leaves Bawumia-started project in limbo
2 hours -
Withdraw Dumsor Levy now, postponement isn’t enough – Minority Leader
2 hours -
Trump directs ICE to expand deportations in Democratic-run cities, undeterred by protests
2 hours -
MI6 appoints first female chief in 116-year history
2 hours -
Kenyan blogger’s wife seeks answers after his death in police custody
3 hours -
Gunmen kill at least 100 people in Nigeria’s Benue state, Amnesty International says
3 hours -
Ivory Coast workers say Unilever is violating their union rights amid share sale, documents show
3 hours -
Trump floats plan for undocumented farm and hotel workers to work legally in the U.S.
3 hours -
South Africa stocks suffer $3.7bn losing streak from foreign investors
3 hours -
Mahama orders military to secure Bolga-Bawku-Pulmakom road
4 hours -
Nigerian President Tinubu’s pardon of ‘Ogoni Nine’ draws ethnic group’s rejection
4 hours -
Senior Kenyan policeman arrested over death of blogger in custody
4 hours -
Egypt deports dozens more foreign nationals heading for march to Gaza
4 hours