Gov’t vows to reduce ECG loses

Government has pledged to reduce the loses of the Electricity Company of Ghana (ECG).

Finance Minister, Ken Ofori-Atta, made this known on the floor of Parliament.

The Minister in presenting the 2020 Budget Statement and Economic Policy of the President Nana Akufo-Addo’s government.

He reported that ECG had a 24 percent energy loses.

According to him, 13 percent of the loses were commercial and 11 percent technical.

He said government shall make the requisite investment in ECG to reduce energy loses both commercial and technical and to ensure reliable supply of energy.

He noted that government remains committed to the energy sector reform programmes, promising that Ghana shall continue to work with the Millennium Challenge Corporation (MCC).

In the coming months, he said Government would work to select a new private partner for the ECG, after the termination of the Power Distribution Services (PDS) Concession Agreement.

BY Melvin Tarlue

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ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

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