The Electricity Company of Ghana (ECG) is saddled with a debt of GHS 67 billion as of March 2025, according to the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor.
The Minister disclosed this figure on the floor of Parliament on Wednesday, June 4, in response to a question posed by Kwame Dzudzorli Gakpey, MP for Keta.
Dr. Jinapor admitted the scale of ECG’s indebtedness remains a critical issue but noted the amount has seen a slight reduction due to recent improvements in the exchange rate.
To address the situation, Dr. Jinapor unveiled a comprehensive strategy aimed at boosting ECG’s revenue and reducing losses.
Key elements include performance-based contracts for ECG managers, renegotiation of existing power purchase agreements with Independent Power Producers (IPPs), and greater private sector involvement in billing and collections.
“The performance of district and general managers of ECG’s operational areas will now be tracked under signed performance agreements,” he stated.
He also pointed out that ECG’s technical and commercial losses, which escalated to nearly 40% post-2017, are now declining—a reversal from the 22% loss rate when the NDC previously left office.
