Former Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has emphasised the company's significant strides in revenue generation and operational efficiency during his tenure.

Speaking on the Asaase Breakfast Show, Mahama highlighted ECG’s financial transformation, comparing the company’s current monthly revenue to that of major corporations in Ghana.

“Let’s not treat ECG like a cottage industry when it’s actually one of the biggest,” he said. “ECG’s monthly revenue can now be likened to—what do you call it—MTN.”

He referenced recent comments made by the Minister, who stated that ECG is now generating 1.5 billion cedis a month. Mahama noted that when he assumed office, monthly revenue hovered between GH¢450 to GH¢500 million cedis, reaching up to GH¢700 million in longer months.

“But as we speak, revenue has tripled to GH¢1.5 billion. How did we do it? We changed how we worked,” he stated.

Mahama also shed light on ECG’s pricing model, explaining that the company operates under a fixed engineering-based pricing strategy.

“ECG works with something called engineering pricing. So our pricing is unique. ECG has a set price for set goods. Whether you like it or not, that’s the price—take it or leave it. You can’t negotiate the price.”

Reflecting on the challenges he inherited, Mahama revealed that there was a significant backlog of projects requiring critical attention.

“I came to see 722 projects that predated me, all needing critical equipment, along with 98 civil infrastructure projects and 12 customer service-related projects. This showed me that the company wasn’t operating as a commercial entity, but rather as an engineering-focused one.”

On the topic of service delivery, Mahama highlighted the dramatic increase in electricity meter installations under his leadership.

“When I got to ECG, the data showed meter installations were at about 2,500 per month. Under the loss reduction project, by the time I was leaving, ECG had the capacity to install up to 100,000 meters a month.”

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