The Minister of Energy Dr. Matthew Opoku Prempeh on Wednesday, June 30, 2021, held a virtual meeting with the Fiance Minister and some top officials from the Ministry as well as officials from the Electricity Company of Ghana (ECG) and Ghana Grid Company (GRIDCo).
The meeting was to help them discuss strategies to fund some of the critical projects for the enhancement of power supply.
Dr. Opoku Prempeh reacting to the meeting said GRIDCo has already begun upgrading some of its transmission lines nationwide and requires significant funding to complete them.
According to him, the agency also has a significant amount of debt on its books which needs rectification to make it a more attractive venture for potential investors.
He added that ECG has pledged to increase its revenue collection in order to pay off its debts as well as manage its duties more efficiently.
At the end of the meeting, both parties reached agreeable conclusions and action points and will start putting plans to action, he said.
By: Rainbowradioonline.com