The Electricity Company of Ghana (ECG) has recorded an increase in its losses in the first nine months of 2023, Energy Minister Dr. Matthew Opoku Prempeh has revealed.
The Minister said ECG recorded a total of GH¢2, 050,373,143.47 as collection losses as of September 2023.
The Minister disclosed this when he gave an update on the country’s power situation in Accra today, Thursday, November 9, 2023.
According to the Minister, the amount is against a total of GH¢2, 448,770,084.34 in losses recorded by the company in the year 2022.
Collection loss is the income that is not received due to non-payment, delinquency, or bad debt from tenants or customers.
He went on to state that system losses accounted for GH¢4,038,241,812.63 as of September 2023, as against an amount of GH¢2,599,695,242.10 in 2022.
The company made technical losses of GH¢1,279,369,021.42 as of September 2023 as against GH¢2,758,872,792.21 in 2022, he added.
On commercial losses, ECG lost GH¢2,758,872,791.21 as against GH¢1,852,597,985.96 recorded in 2022.