Minister for Energy and Green Transition, John Jinapor, has revealed that the Electricity Company of Ghana (ECG) has recorded an increase in revenue generation in recent months.
According to him, the company’s monthly revenue generation has increased significantly.
Speaking at the Government’s Accountability Series held at the Jubilee House on Wednesday, July 16, Mr Jinapor credited the progress to his ministry’s sustained efforts since assuming responsibility for the energy sector six months ago.
“ECG’s monthly revenue is witnessing some significant increase, this increase represents about a 47.3% increase as compared to the same period last year. And so as you can see, we are seeing some real significant increase in revenues.”
However, the Minister cautioned that while the revenue gains are encouraging, they remain insufficient to fully address the broader challenges confronting the country’s electricity sector.
He underscored the need for innovative and diversified funding mechanisms to support long-term infrastructure development, reliability, and sustainability.
“Because of the huge challenges and the debt that we encountered, we need to pursue additional policy measures to ensure that we put the power sector on track.”
Since assuming office in January, the government has continued to explore ways to stabilise the country’s energy sector.
One such initiative is the introduction of a GHC1 fuel levy, which, according to the government, will be used to address challenges within the sector and ensure a stable supply of electricity.
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