By Ashiadey Dotse
President John Dramani Mahama says reforms implemented at the Electricity Company of Ghana (ECG) have significantly improved the power distributor’s financial performance, increasing its monthly revenue collections to nearly GH¢2 billion.
Speaking during a meeting with the Kwahu Business Advocacy Group at the Jubilee House on Wednesday, July 8, 2026, President Mahama said the reforms have strengthened the country’s energy sector and enabled ECG to meet its financial obligations to power producers.
The President said his administration inherited an unreliable electricity sector burdened with huge debts owed to Independent Power Producers (IPPs), while commercial and technical losses accounted for nearly 42% of ECG’s revenue.
He noted that the situation threatened the stability of the country’s energy supply, with large outstanding payments also owed to upstream gas-producing companies.
President Mahama, however, said the government had made significant progress in addressing the challenges.
“We have paid down most of the debts owed to the Independent Power Producers, and reforms carried out at ECG have increased its monthly revenue collections to almost GH¢2 billion,” he stated.
According to him, the improved revenue has enabled ECG to pay current bills for electricity purchased from power producers on time, ending the continuous accumulation of debt to the IPPs.
The President also disclosed that the Ministry of Finance had settled outstanding payments owed to gas-producing companies, including Jubilee and ENI Sankofa, leading to increased gas supplies for electricity generation.
He assured the business community that government would continue to strengthen the energy sector while expanding water infrastructure to support both household consumption and industrial growth.
President Mahama also encouraged members of the Kwahu Business Advocacy Group to take advantage of opportunities under the government’s 24-Hour Economy Programme and the Accelerated Export Development Programme to expand their businesses, create jobs and invest in the agricultural potential of the Afram Plains.
He said government remains committed to creating a stable economic environment that supports private sector growth and sustainable national development.
