ECG can move from losses to profit with prudent management, stable economy – SIGA DG

Speaking on Joy FM’s Super Morning Show on Monday, August 31, while discussing SIGA’s State Ownership Report, he said the significant reduction in ECG’s liabilities and debts is a positive indication that the state-owned power distributor can improve its financial position if it is given a similar economic environment in which to operate.

Kpessa-Whyte The Director-General of the State Interests and Governance Authority (SIGA), Prof Michael Kpessa-Whyte, says the Electricity Company of Ghana (ECG) could move from making losses to becoming profitable if the stability of Ghana’s economy is sustained and the company maintains prudent management.

Prof Kpessa-Whyte said the reduction in ECG’s financial obligations was one of the main factors behind his optimism about the company’s prospects.