The Managing Directory of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama resigned from his position and will exit the company two years after his appointment.
His departure was attributed to personal reasons.
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Mr Mahama’s tenure at ECG saw the implementation of digital solutions to streamline payment processes and the revamping of the ECG PowerApp, which significantly increased its user base. These advancements have been crucial in addressing the company’s long-standing issues with revenue collection and system losses.
But the ECG has faced a myriad of challenges, including financial losses attributed to power theft and other issues within the power sector. Industry players have pointed fingers at potential mismanagement, while the company has defended its efforts to meet its obligations under the Cash Waterfall Mechanism (CWM).
The Big Picture
The Public Utilities Regulatory Commission (PURC) has warned that ECG’s debts have reached unsustainable levels, affecting its ability to generate sufficient revenue even for operational costs. These financial hurdles have sparked debates on the need for strategic reforms, possibly including privatization to enhance efficiency and service delivery.
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