The Africa Centre for Energy Policy (ACEP) has expressed worries regarding Ghana's energy sector's continued significant debt buildup, noting that the nation is accruing roughly $67 million in outstanding debt monthly.
According to ACEP, the Electricity Company of Ghana's (ECG) low revenue recovery rate-which it claims is currently at a concerning 57 percent-is a major contributing factor in this mounting debt.
ACEP's Policy Lead for Petroleum and Conventional Energy, Kodzo Yaotse, stated that raising the ECG's revenue collection rate has to be a top priority for both the government and the organization.
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