The budgetary allocation for the Electricity Company of Ghana’s (ECG) has reduced from GH₵500 million to GH₵250 million following reports of missing containers at the port.
This was announced by the Minister of Energy and Green Transition, John Jinapor.
According to the minister, ECG was initially allocated GH₵935 million in 2023 for planned procurement.
However, the company exceeded its budget by GH₵7.3 billion due to excessive cable purchases.
Speaking on the floor of Parliament today, Friday, March 28, 2025, the minister stated that steps were being taken to prevent further financial mismanagement and ensure ECG remains operational.
“We have reduced their budget from GHc500 million to GHc250 million. Because we must pay the power producers. Today, the bill is over GHc80 billion in the energy sector. If we don’t do something, this sector will collapse. As a minister, I am determined to do my bid no matter how difficult it is,” the Minister said.
By: Rainbowradioonline.com/Ghana
