The Electricity Company of Ghana (ECG) has cancelled more than half of its flagged contracts as part of an aggressive effort to tighten spending and improve efficiency.
Appearing before Parliament’s Energy Committee, the Acting Managing Director of the company, Ing Julius Kpekpena, revealed that 202 out of 347 contracts reviewed were terminated following approval from the board and the Ministry of Energy.
“We identified about 347 contracts that we thought we would cancel so that we reduce our negatives for ECG and for the government. The board approved 202 outright terminations, and the rest we are working on, doing additional due diligence to ensure that we can exit them as well,” he explained.
In addition to the clean-up, ECG said it has renegotiated its partnership with digital payments company Hubtel, slashing commission charges from 3% to 1.65%, a move the company says will bring long-term savings and efficiency.
On the other hand, ECG has posted its highest-ever monthly revenue of GH₵1.74 billion in July 2025, driven by improved collections and tighter internal controls.
“This year, July, we had our highest ever revenue in ECG — GH₵1.74 billion. It’s a record and we want to celebrate that,” Kpekpena said.
He stressed that the company is focused on cutting losses, plugging leakages, and strengthening operations to ease pressure on both ECG and government finances.
Source: GhanaWeb
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