President-elect John Dramani Mahama has revealed that the Electricity Company of Ghana is making commercial and technical losses of more than 32%.
According to John Mahama, no utility company can survive with 32% commercial and technical losses and continue to be viable.
John Mahama further detailed that the ECG governance is in very bad shape.
John Mahama stated, “ECG governance is in a very bad way, and so they are making commercial and technical losses of more than 32%”.
“There is no utility company that can survive with 32% commercial and technical losses and continue to be a viable utility so as quickly as possible we need to reform the whole electricity value chain in order that we have better efficiency and performance if we are to have sustainable power going forward” John Mahama emphasized.
The president-elect further stated, “The priority really is the economy, even though the president sounded very ambit about the third quarter growth, from the little briefing I have the economy is still very sick, and there are many areas that we need to work on as quickly as possible”.
“Especially the Energy sector, the energy sector can derail everything that we have done, with regard to debt exchange, and the IMF program because the debt continues to pile up there”, he detailed
Watch the video below:
The Transition: Economy still “very sick” despite Akufo-Addo’s Q3 growth optimism – John Mahama #ElectionHQ pic.twitter.com/4imeqVoPEv
— JoyNews (@JoyNewsOnTV) December 16, 2024
