ECG Records 47.3% Revenue Growth Amid Ongoing Power Sector Reforms – Energy Minister
The Electricity Company of Ghana (ECG) has recorded a 47.3% increase in monthly revenue compared to the same period last year, Energy and Green Transition Minister, John Abdulai Jinapor, has disclosed.
According to the Minister, the revenue growth reflects the initial outcomes of sustained reforms initiated by his ministry since taking over the energy portfolio six months ago.
Speaking at the Government’s Accountability Series held at the Jubilee House on Wednesday, July 16, Mr Jinapor stated, “ECG’s monthly revenue is witnessing some significant increase. This increase represents about a 47.3% increase as compared to the same period last year. And so as you can see, we are seeing some real significant increase in revenues.”
He attributed the growth to improved operational efficiency and enhanced revenue collection mechanisms by ECG.
Despite the improvement, Mr Jinapor warned that the current revenue gains are insufficient to resolve the systemic challenges within the country’s electricity sector, which include legacy debts, infrastructure constraints, and limited funding for expansion.
“Because of the huge challenges and the debt that we encountered, we need to pursue additional policy measures to ensure that we put the power sector on track,” he noted, adding that innovative and diversified funding models would be required to sustain long-term sector growth.
Since assuming office in January 2025, the government has rolled out a number of interventions aimed at stabilising the sector. Key among them is the recent introduction of a GHS 1 fuel levy announced as part of broader fiscal and policy measures to support the energy sector and ensure uninterrupted electricity supply.
The Minister reiterated government’s commitment to implementing structural reforms and mobilising resources to build a resilient and sustainable power sector.
