Business News of Sunday, 28 September 2025

Source: starrfm.com.gh

ECG celebrates GH¢1.74 billion revenue milestone in July 2025 amid reforms

The Electricity Company of Ghana (ECG) has posted its highest-ever monthly revenue of GH¢1.74 billion in July 2025, marking a major milestone in the company’s reform drive.

Acting Managing Director, Julius Kwame Kpekpena, disclosed the feat during an interaction with Parliament’s Energy Committee, stressing that internal changes are beginning to yield results.

“This year, July, we had our highest ever revenue that ECG collected GH¢1.74 billion. It’s a record and we want to celebrate that,” he said.

He explained that alongside the record collections, ECG has significantly cut down on expenditure.

Administrative costs dropped from GH¢279 million last year to GH¢169 million this year, while overall spending fell from GH¢110 million to GH¢77 million within the first half of 2025.

Kpekpena added that the company is also addressing inefficiencies in customer service, particularly delays in meter provision and power connections.

“We want to reduce the frustrations applicants face in getting power supply or in getting meters. We know we have some issues in some of the districts and regions, and we are working to resolve those,” he assured.

He emphasised that ECG’s reforms are aimed at restoring public confidence, tackling illegal meters, and ensuring long-term operational efficiency.

Kpekpena concluded that with the continued support of the board, government, and stakeholders, ECG is determined to sustain reforms to deliver reliable and transparent power supply.