Also known as: ECG · Electricity Company of Ghana (ECG)
Ghana's electric utility facing significant financial losses, procurement challenges, and proposals for private sector participation in operations.
Verbatim sentences from the source article.
Joy Online
The Board of Directors of the Electricity Company of Ghana (ECG) says the company is unable to pay dividends to sole shareholder for the year 2025. …
ECG unable to pay dividend for 2025 – Board chairman William Amuna tells annual general meetingJoy Online
… According to the professional services firm, though the Mid-Year Review identifies the financial health of the Electricity Company of Ghana and the broader energy sector as important reform priorities, the firm’s financial challenges have implications in the energy sector, but al …
Mid-Year Budget Review: Energy sector remains a significant fiscal risk to economy – DeloitteACEP's Ben Boakye warns that Ghana's energy sector inefficiencies are draining public finances and worsening inequality. He notes ECG records losses of more than GH¢20 billion annually, with government increasingly relying on borrowing to finance power obligations.
17 hours ago · Joy Online →
ACEP's Ben Boakye warns that Ghana's energy sector inefficiencies are draining public finances and worsening inequality. He notes ECG records losses of more than GH¢20 billion annually, with government increasingly relying on borrowing to finance power obligations.
17 hours ago · Joy Online →
ACEP Executive Director Ben Boakye says the Electricity Company of Ghana's losses have risen from about 21 per cent to nearly 30 per cent despite more than $700 million invested in projects, with ECG making losses exceeding GH¢20 billion annually that drain the national budget.
17 hours ago · Joy Online →
The Trades Union Congress deputy secretary-general has argued that the Electricity Company of Ghana's difficulties stem from management problems rather than failures by ordinary workers, and questioned whether Ghana should consider handing ECG to foreign operators when the country has qualified people capable of managing it.
12 September 2026 · Joy Online →
Ben Boakye, Executive Director of the Africa Centre for Energy Policy, has accused politicians and politically connected individuals of benefiting from ECG procurement practices. He argues that ECG's financial challenges include inefficiencies and alleged abuses in procurement, describing the utility as part of the "spoils of election" where politicians "milk" money through overpriced purchases and other leakages.
12 September 2026 · Joy Online →
TUC Deputy Secretary General Dr Kwabena Nyarko Otoo attributes part of Ghana's energy-sector challenges to contractual arrangements with Independent Power Producers, and questions why government commissioned an IMF assessment of ECG without consulting workers and organised labour, given the IMF's advocacy for privatisation.
12 September 2026 · Joy Online →
JoyNews' Newsfile programme will examine Senior High School placement challenges affecting about 55,000 students, tensions over the Electricity Company of Ghana's operations, organised labour's confrontation with the World Bank, and questions over government's management of State-Owned Enterprises.
12 September 2026 · Joy Online →
The Majority Chief Whip has accused the IMF of showing political bias against the NDC government following the Fund's assessment of governance in Ghana's state-owned enterprises, arguing that the IMF criticises NDC administrations over practices also prevalent under NPP rule. The IMF report identified the politicisation of board and chief executive appointments as a major weakness, noting that appointments remain highly political and centralised in the Presidency despite Ghana's framework intended to make them merit-based.
11 September 2026 · Joy Online →
The IMF's Technical Assistance Report identified significant financial and procurement weaknesses in the energy and roads sectors, with more than 15 percent of payables and 6.4 percent of procurement commitments breaching public financial management regulations. The report specifically highlights the Electricity Company of Ghana over procurement and contractual weaknesses, citing a Ghana Audit Service finding that ECG acquired electricity meters valued at approximately US$145 million through 50 contracts without complying with the Public Procurement Act, and notes that unsolicited "take-or-pay" Power Purchase Agreements have created ongoing financial obligations pressuring the energy sector.
11 September 2026 · Joy Online →
Ten state-owned enterprises collectively recorded a net loss of GH¢8.8 billion in 2024, about 1.0% of GDP, with the Electricity Company of Ghana accounting for 85% of those losses. The IMF attributed the losses mainly to high financing costs, which reached GH¢9.4 billion—nearly six times the earnings before interest and tax.
10 September 2026 · Joy Online →
The Public Utilities Workers Union has urged the government to take greater ownership of Ghana's energy sector challenges rather than relying heavily on IMF and World Bank prescriptions, and questioned why Independent Power Producers' pricing was not receiving greater attention in sector reform discussions.
9 September 2026 · Joy Online →
The Public Utilities Workers Union has challenged the IMF and World Bank to broaden their focus on Ghana's energy crisis to include the pricing structure of Independent Power Producers, arguing that IPP agreements and generation costs are key concerns that must be addressed for lasting energy sector stability.
9 September 2026 · Joy Online →
The Public Utilities Workers Union argues Ghana has capacity to address its energy challenges independently, suggesting focus on structural problems like power generation costs and Independent Power Producer agreements rather than external financing. The IMF estimates a US$1.1 billion sectoral financing shortfall in 2026 due to collection losses and costly generation contracts.
9 September 2026 · Joy Online →
The Public Utilities Workers Union has challenged the World Bank's approach to Ghana's energy challenges, arguing that reform efforts should prioritise structural issues such as power generation and Independent Power Producer pricing rather than other areas. The union's deputy general secretary said Ghana has the capacity to address its challenges without overreliance on international institutions.
9 September 2026 · Joy Online →
The Energy Ministry spokesperson has rejected characterisations of proposed private sector participation (PSP) in the Electricity Company of Ghana as privatisation, arguing that PSP does not involve transfer of ownership of ECG or the Northern Electricity Distribution Company, only greater private sector involvement in operations.
8 September 2026 · Joy Online →
The Trades Union Congress disputes the government's distinction between private sector participation and privatisation in its proposed arrangement for the Electricity Company of Ghana, arguing that transferring control over distribution to a private operator constitutes privatisation regardless of whether assets are sold outright.
8 September 2026 · Joy Online →
The Energy Ministry says it will continue engaging the Trades Union Congress in good faith over the proposed private sector participation in the Electricity Company of Ghana, which the TUC has opposed as a form of privatisation. The ministry spokesperson urged the TUC to resolve outstanding concerns through direct, closed-door engagements rather than public exchanges.
8 September 2026 · Joy Online →
The Trades Union Congress has clarified that its threat of "legal action" against proposed private sector participation in the Electricity Company of Ghana refers to traditional industrial relations tools rather than court cases, according to TUC Deputy Secretary-General Dr Kwabena Nyarko Otoo.
8 September 2026 · Joy Online →
The Institute of Energy Security is calling on government to ensure greater transparency and broader consultation in its proposed private sector participation in the Electricity Company of Ghana's operations, citing concerns from consumers, workers, and organised labour, and citing lessons from the previous Power Distribution Services arrangement.
8 September 2026 · Joy Online →
Collins Adomako-Mensah, Energy Committee member and Afigya Kwabre North MP, has called for broader consultation before deciding on private sector participation in ECG's operations. He noted that while the Minority supports private involvement at ECG's retail end to improve efficiency, the company's recent operational improvements raise questions about whether such participation remains necessary.
8 September 2026 · Joy Online →
A senior analyst at the Institute for Energy Security says electricity tariff increments alone may not resolve operational challenges at the Electricity Company of Ghana, arguing that the focus should instead be on addressing commercial and technical losses—which stood at about 26% in 2025—and upgrading obsolete infrastructure within the distribution network.
8 September 2026 · Joy Online →
An NPP MP and Energy Committee member says the Trades Union Congress has legitimate reasons to be cautious about World Bank proposals for private sector participation in ECG and NEDCo operations, but distinguishes this from full privatisation and notes the party supports private involvement if it improves efficiency and reliability.
8 September 2026 · Joy Online →
An opinion piece argues that the Chief Justice's visits to state-owned enterprises to assess their performance fall outside his constitutional remit, which limits him to heading the Judiciary and presiding over the Supreme Court, and constitute an unconstitutional blurring of separation of powers.
6 September 2026 · Joy Online →
Nana Osei Yaw Frimpong II, Kumasi Nhyiaesohene, has committed the traditional authority's support to the Electricity Company of Ghana to curb encroachment on utility corridors and preserve land designated for electricity infrastructure. He praised ECG for improved power supply in parts of his jurisdiction and said traditional authorities must help ECG fulfil its mandate.
6 September 2026 · Joy Online →
The chief of Nhyiaeso in Kumasi has assured the Electricity Company of Ghana of support to prevent encroachment on utility corridors and enforce right-of-way laws in his jurisdiction, inviting residents to report violations to his office.
5 September 2026 · Joy Online →
Ghana's State-Owned Enterprises posted a combined net profit after tax of GH¢19.80 billion in 2025, a sharp turnaround from a GH¢2.25 billion loss in 2024, but a Banking and Corporate Governance Consultant argues the gains reflect foreign-exchange performance and reduced finance costs rather than improved operational efficiency.
3 September 2026 · Joy Online →
Customers of the Electricity Company of Ghana from various communities in Ketu South Municipality protested alleged overbilling and inaccurate electricity bills, marching to the ECG Denu District Office to demand greater transparency, accurate bills, and improved consumer engagement.
3 September 2026 · Joy Online →
A Banking and Corporate Governance Consultant has warned that Ghana's state-owned enterprises carry a GH¢282 billion debt burden that poses a major threat to economic stability, arguing that recent profit improvements may not reflect genuine operational efficiency but rather foreign exchange gains.
3 September 2026 · Joy Online →
The Dean of the Faculty of Finance and Accounting at UPSA has questioned the credibility of the State Interests and Governance Authority's recent report on state-owned enterprises, citing major inconsistencies in figures for other state enterprises — the report lists figures ranging from ¢2.4 billion to ¢11 billion in different sections.
3 September 2026 · Joy Online →
The Dean of UPSA's Faculty of Finance and Accounting has questioned the credibility of a report on state-owned enterprises' financial performance, citing inconsistencies in the figures presented. He highlighted ECG's rising liabilities (¢82.3 billion from above ¢70 billion in 2024) and noted that financial challenges extend to other state entities including the Ghana Gold Board.
3 September 2026 · Joy Online →
Banking consultant Dr Richmond Atuahene has called for a critical review of state-owned enterprises, warning that reported SOE profits may not reflect operational efficiency and that Ghana should distinguish between strategically important enterprises and those that could be removed from government's portfolio.
3 September 2026 · Joy Online →