John Jinapor, the Ranking Member of the Energy Committee of Parliament, has revealed that the Electricity Company of Ghana (ECG) is facing a significant debt burden amounting to $1.5 billion.
He attributed this massive debt primarily to ECG’s failure to fulfill its financial obligations to Independent Power Producers (IPPs) and its inability to settle bills for purchased electricity in full.
Mr. Jinapor also criticized ECG for what he perceives as wasteful spending on items such as cables, malfunctioning meters, and what he deems unnecessary contracts.
He pointed to a report from the Public Utilities Regulatory Commission (PURC) that he reviewed, highlighting instances where ECG allegedly mismanaged funds by diverting significant sums away from debt repayment to other expenditures.
In a media interview, Mr. Jinapor urged ECG to provide transparent explanations for the recent power outages experienced by Ghanaians.
He emphasized the importance of accountability and responsible financial management within ECG to address the challenges facing the energy sector.
