Due to legacy debts totaling GH 513,000, the Electricity Corporation of Ghana (ECG) has stopped providing electricity to the Cape Coast Sports Stadium.
The measure is a part of the company’s broad initiative to get rid of debts so that it can continue operating.
In an effort to improve its debt condition, which was impacting operations, it had started an intensive revenue mobilization drive on Monday, March 20.
This is targeted at every customer owing the ECG and not only state-owned enterprises.
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In an interview on Tuesday, Alexander Tieku, the Regional Sports Director, said the disconnection would greatly affect its activities as a monumental state asset.
When the facility was originally disconnected sometime last year, he claimed that the debt inherited many years earlier was being resolved through planned negotiations with the ECG, and some payments were made.
To ensure seamless operations, management also hired ECG authorities to install pre-paid meters to direct a portion of the bills to the stadium’s various business units. Twenty of these installations have already been made.
Businesses at the stadium include hostels, restaurants, offices, clinics, and gyms, which were connected to only one post-paid meter, leading to the compilation of huge debts.
Mr Tieku described the situation as ‘unfortunate’ and ‘surprising’ due to the agreement reached by both parties.
The only state-owned organization in the area to date to be impacted by the disconnection exercise is the new stadium in Cape Coast.
SOURCE: Myjoyonline
