GWCL: Revenue collection hits GHS 902m at end-2021
Revenue collection from water supply by the Ghana Water Company Limited (GWCL) totaled GHS 902m at the end of last year – 2021.
This is according to the Managing Director of the GWCL, Ing. Dr Clifford Braimah.
Making the assertion at media briefing and exhibition held by the GWCL on Wednesday, August 10, 2022, Ing Dr Braimah averred the recorded GHS 902m revenue collection for 2021, marks a 34.8% increment when compared to the GHS 669m revenue collection recorded in 2017.
The increment in revenue collection as at end-2021, Ing Dr Braimah noted, represents a monthly average revenue collection of GHS 75m, which is further projected to increase to GHS 80m by the end of 2022.
“Monthly average revenue collection in 2017 was GHS 55m, but having improved on the efficiency of the company’s operations, monthly average revenue collection has increased to GHS 75m, and by the close of the year, we expect it to increase to over GHS 80m,” he quipped.
Revenue from electronic payment transactions
Speaking further at the media briefing and exhibition themed “Accounting to Our Customers”, the MD noted the company’s electronic billing system in 2021 raked in some GHS 64.3m in revenue to the GWCL.
“Electronic payment transactions in 2017 was GHS 1.7m, this rose to GHS 13.2m in 2018 and then to GHS 64.3m in 2021 representing a 387.5% increase in revenue,” he remarked.
On a monthly basis, the electronic billing system generates an average revenue of GHS 9.3m which is expected to rise further to GHS 11.1m by the end of 2022.
Non-revenue water decline to 42.5%
Speaking further at the media briefing and exhibition, Ing Dr Braimah remarked that percentage of non-revenue water to GWCL has been on the decline since 2017.
According to him, non-revenue water has declined from 55% in 2017 to 42.5% as at the first quarter of 2022, and is further projected to decline to 34% by 2025.
Non-revenue water the MD explained, refers to the amount of water produced and distributed throughout the country which does not generate revenue for the GWCL.
Major factors contributing to non-revenue water the MD revealed, were leakages and commercial losses (illegal connections).
Challenges of GWCL
Some challenges bedevilling the operations of GWCL, Ing Dr Braimah highlighted include illegal mining (both sand and mineral mining), illegal water connections, destruction of water pipelines by contractors among others.
“Addressing these challenges results in the increase in costs of production and that is likely to influence our tariffs proposed to the PURC,” stated the MD encouraging the public to report persons that engage in illegal water connections and mining.
