Samuel Dubik Mahama, Managing Director of the Electricity Company of Ghana (ECG), has informed persons and institutions owing the company that a taskforce is on its way to collect all debts.
Mr. Mahama stated that the company requires the funds to operate.
On the Ghana Tonight show on TV3 on Wednesday, March 22, he revealed that the state power distributor is owed GHS5.7 billion.
He stated that the company will increase its debt collection efforts.
“Every month we will show up to collect the debts,” he added.
Since Monday, March 20, the ECG has been conducting a debt collection exercise.
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The company stated that it has implemented a digitalized system to ensure that the amount of money received from the debt recovery exercise is directly monitored by the company’s Managing Director.
Mr Mahama stated that they have been able to collect between 40 and 50 million Cedis per day since the exercise began.
“I can make 40 to 50 million cedis every day, and we expect it to rise,” he said.
As part of the debt recovery process, the task force visited institutions such as Parliament, the Ghana Arprort Company Limited (GACL), and the Ghana Broadcasting Corporation (GBC).
Speaking to journalists after the exercise on Monday, March 20, Laila Abubakar, ECG’s External Communications Manager, said, “The national task force is in charge of the state-owned enterprises, ministries, departments, and agencies, and so we have been going with them, we visited Parliament House, they were owing about a GHS13million, they have committed to paying GHS8.5million, we saw evidence of that.”
“Now, we are here at the Ghana Broadcasting Corporation; they also owe us about GHS6 million in arrears, but they have explained to us that because of the way they run their operations, they won’t be able to cough out the money for us instantly; they have had some discussions with the Minister of Information and the National Media Commission, as well as the Ministry of Energy, and there was some sort of agreement last years,” she added. However, ECG’s point is that there has been no movement on the remaining debt.
“They have explained to us that they have a system and that they are going to get some money and pay because they have to find innovative ways to come up with the money, and so we have given them permission to leave them for the time being for 48 hours.”
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“They have explained to us that they have a system and that they are going to get some money and pay because they have to find innovative ways to come up with the money, and so we have given them permission to leave them for the time being for 48 hours.”
The ECG has also disconnected homes and industries due to debt.
“In Tema, we have received photos of disconnections happening in residences, we have received photos of them in some of Tema’s industries, and they are being disconnected,” Laila Abubakar said.
“I’m hoping that by the end of the day, we’ll see a lot of money coming into our accounts.”
“Our system has been digitized in such a way that by the end of the day, the Managing Director will be able to see how much we have recouped from this exercise, and we will report how much we are making on a weekly basis in a timely manner.”
