ECG owes GHS 67 billion as of March 2025 – Energy Minister Jinapor

Energy Minister John Jinapor reveals ECG owes GHS67bn as of March 2025 and outlines key strategies including revenue reforms, private sector involvement, and IPP renegotiations.

The Electricity Company of Ghana (ECG) owes a staggering GHS 67 billion as of March 2025, according to Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, who disclosed the figure while responding to a parliamentary question from Kwame Dzudzorli Gakpey, MP for Keta.

Answering the question on the floor of Parliament on Wednesday, June 4, Dr. Jinapor admitted that ECG’s indebtedness remains a major challenge for the energy sector, though he noted that the figure has reduced slightly due to improvements in the exchange rate.

“The total indebtedness of ECG, as it stands, as at March 2025 is GHS 67 billion,” he said.

Outlining plans to resolve the crisis, Dr. Jinapor announced a multi-faceted strategy that includes:

• Boosting revenue and reducing losses 
• Signing performance agreements with ECG’s district and general managers, and between ECG management and the Ministry of Energy 
• Renegotiating power purchase agreements with Independent Power Producers (IPPs) 
• Involving the private sector in billing and collections 

“We want to work to increase revenue and also reduce losses,” the Minister stated. “The performance of district and general managers of ECG’s operational areas will now be tracked under signed performance agreements.”

Dr. Jinapor further disclosed that ECG’s technical and commercial losses, which soared to nearly 40% after 2017, are now on a downward trend.

“When we were leaving office, the losses were around 22%. On assumption of office, it had hit almost 40%.”