Energy Minister John Abdulai Jinapor has launched an investigation into alleged fraudulent dealings within the Electricity Company of Ghana (ECG), citing serious financial mismanagement in the handling of essential equipment and procurement processes.
Speaking in an interview on TV3, Jinapor revealed that ECG had repeatedly failed to clear critical electrical supplies from the port, leading to major financial losses.
He described an alarming case where a container worth $500,000 was left unclaimed, auctioned for just 100,000 cedis, and later resold to ECG for $300,000.
“I checked with the port, and the security report I received shows that a container worth about $500,000 was imported. ECG couldn’t clear it, and somehow, someone was able to buy it at auction for 100,000 cedis, then resell it to ECG for $300,000,” he disclosed.
Expressing his frustration, the Minister vowed to crack down on such practices, emphasizing that necessary actions would be taken to end the inefficiencies, even if they prove unpopular.
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“It will stop. And I mean it will stop. Whatever it takes to stop that, no matter how unpopular that may be, we must take action,” he stated.
To address these concerns, Jinapor has set up a committee to investigate procurement activities at ECG during the Akufo-Addo administration.
He indicated that early findings point to widespread irregularities and breaches of procurement procedures.
“So far, the preliminary reports I have gotten indicate that there’s massive rot at ECG,” he revealed.
Beyond the ECG probe, Jinapor announced plans for a broader audit of the energy sector, including human resource and technical evaluations, to uncover inefficiencies and shape policy reforms.
“What the PwC has done is a financial audit. We want to do a human resource audit, a deeper audit of the entire energy sector, which will then give us a clear picture of the inefficiencies so that we can tailor that in terms of our policy objective and policy directive to address this,” he explained.
The revelations have sparked fresh concerns about accountability in Ghana’s energy sector, with growing calls for urgent reforms to prevent further financial mismanagement.
