Ghana news briefing
The more gov’t invests in ECG, the greater its losses become – Ben Boakye laments
Mr Boakye recalled that the proposed concession arrangement involving Power Distribution Services (PDS) was intended to bring private-sector investment and management expertise into ECG to improve revenue collection, reduce losses and return the company to profitability.
Mr Boakye said ECG was making losses in excess of GH¢20 billion annually, with the burden ultimately being absorbed by the State.
Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, says increasing government investment in the Electricity Company of Ghana (ECG) has not yielded the desired results, with the company’s losses continuing to worsen.
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