ECG recording $67m in revenue losses every month – ACEP

The Africa Centre for Energy Policy (ACEP) has raised alarm over Ghana’s growing energy sector debt, with unpaid obligations adding up to $67 million monthly.

This debt is due to the Electricity Company of Ghana (ECG)’s low revenue recovery rate of just 57%.

ACEP’s Policy Lead, Kodzo Yaotse, emphasized that boosting ECG’s revenue collection should be a priority to prevent further financial strain on Independent Power Producers (IPPs), who are already owed large sums due to Ghana’s legacy energy debt.