A claims by some civil society activists and media commentators that Hubtel has been paid an amount of $25 million for the App it developed for revenue collection by the Electricity Company of Ghana (ECG), has been denied by the Ghanaian fintech company which built the ECG Power App.
The management noted that over the past few days, officials of some Civil Society Organisations (CSOs) and media commentators have sought to put out false statements about Hubtel's work at the ECG.
Some of these false statements seem to be designed to totally discredit the work Hubtel has done in the recent transformation and record-breaking achievements in ECG's revenue collection and commercial operations.
Other false statements have also tried to paint the picture that Hubtel is part of a procurement scheme that has received payments for no work done, Hubtel said in a statement. "Hubtel has NOT been paid $25million," the company said. "Hubtel has NOT quoted any where that we have received $25million from ECG." The company further explained that at the start of the project, $25million was only a figure set out as the cost limit by the Board of Directors of ECG, but with the guidance of Hubtel and other third-party service providers, ECG spent only about $12 million (GHS171 million) out of the $25 million.