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    Gunfire, Curfew, and a New Leader: Guinea-Bissau Plunges Into Crisis

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    BoG Governor Calls for Collective Stewardship of the Cedi

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    BoG’s Independence is an Economic Necessity – Mahama

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    New Ghana Scholarships Authority to tackle corruption and promote equity

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    Nigerians praise young soldier for standing up to powerful minister

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ECG losing billions of cedis to power theft, unpaid bills – Energy Minister

Mabel Boamah by Mabel Boamah
4 years ago
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ECG losing billions of cedis to power theft, unpaid bills – Energy Minister
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According to the Energy Minister, Dr. Matthew Opoku Prempeh, the Electricity Company of Ghana (ECG) loses almost GHS3.2 billion owing to illegal connections and non-payment of bills, among other things.

Dr. Prempeh told the press on Wednesday that the ECG losses were caused by “our inability to pay, unwillingness to pay, or power theft.”

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He stated that the National Revenue Protection Taskforce was “in full swing” to address the revenue issue.

“The National Revenue Protection Taskforce is going out because the amount of energy ECG is putting in the system, it is not getting the commensurate amount of money back to ensure that it becomes commercially viable.”

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“So if ECG loses 400 million dollars, averagely…which company can be viable if you continue to lose the amount of money that the ECG losses,” Dr. Prempeh quizzed.

He emphasized that “every Ghanaian must be responsible and pay for the energy he or she consumes, or else the Revenue Protection Taskforce will visit you.”

The Electricity Company of Ghana recently stated that it is prepared to pursue around 30 commercial and governmental entities that owe it GHS 120 million.

According to Citi News sources, some of these institutions owe as much as GHS 45 million and have made no commitment despite getting disconnection notifications from ECG.

The Ghana Airport, the University of Ghana, the Accra International Conference Center (AICC), the Accra Metropolitan Assembly (AMA), and Parliament are among the institutions.

Read Also: High Court grants injunction against swearing-in of NUGS executives

SOURCE: CITINEWS

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