The Electricity Company of Ghana (ECG) has terminated 202 out of 347 questionable contracts as part of measures to streamline procurement processes and reduce financial burdens on the company.
Briefing the Energy Committee of Parliament on its operations in the last few months, Acting Managing Director of ECG, Ing. Julius Kpekpena, said the decision was taken with the support of the board and the Ministry of Energy after a review of contracts flagged as problematic.
“We identified about 347 contracts that we thought we would cancel so that we reduce our negatives for ECG and for the government.
“The board approved 202 outright terminations, and the rest we are working on doing additional due diligence to ensure that we can get out of those that we can terminate; we will terminate them,” Mr Kpekpena stated.
He further disclosed that ECG had reached a new agreement with Hubtel, one of its key partners, to cut commission charges from 3 per cent to 1.65 per cent.
He described the amendment as a cost-saving measure that will benefit both the company and consumers in the long term.
The Electricity Company of Ghana also says it is cutting down on losses and improving revenue mobilisation, having recorded its highest-ever monthly revenue of GH₵1.74 billion in July 2025.
Ing. Julius Kpekpena said ECG has been implementing new measures to strengthen its internal processes and close revenue gaps.
“This year, July, we had our highest ever revenue in the ECG collector GH₵1.74 billion. It’s a record and we want to celebrate that,” he told the Committee.
Read Also: ECG reports record GH₵1.74bn revenue in July, assures improved service delivery
- President Commissions 36.5 Million Dollars Hospital In The Tain District
- You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
- I Will Lead You To Victory – Ato Forson Assures NDC Supporters
Visit Our Social Media for More
About Author
