• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

ECG Managing Director Samuel Dubik Mahama Resigns Over Personal Reasons

11 months ago
in Business, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
89
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

ECG Managing Director Samuel Dubik Mahama Resigns Over Personal Reasons

Samuel Dubik Mahama, Managing Director of the Electricity Company of Ghana (ECG), has tendered his resignation, citing personal reasons for his departure.

In a letter to the presidency, Mr Mahama stated, “I have concluded that it is in my best interest to step away for personal reasons,” while expressing gratitude to President Akufo-Addo for the opportunity to serve since his appointment in May 2022.

His exit comes at a tumultuous time for ECG, which has been embroiled in a dispute with the Public Utilities Regulatory Commission (PURC) over its financial standing.

A recent PURC report warned of potential bankruptcy under the Cash Waterfall Mechanism (CWM), noting the financial strain not only on ECG but also on the Volta River Authority (VRA), Ghana Grid Company (GRIDCo), and the Bui Power Authority.

The report, authored by PURC Executive Secretary Dr. Ismael Ackah, highlighted delays in salary payments and administrative cost burdens, prompting calls for urgent intervention.

Despite a 75% tariff hike since September 2022 and efforts to digitize payment systems, ECG continues to face significant financial challenges.

RelatedPosts

Bank of Ghana Sets Gold Coin Price at GHS 39,273 Per Ounce

Rewriting the Rulebook: Ghana’s Battle to Restore Currency Credibility

Bank of Ghana Raises GHS 836m in Short-Term Bill Auction at 24.8% Yield

In a strongly worded response, ECG criticized the PURC report, accusing it of misrepresenting key issues. The utility company took particular issue with the classification of fuel costs as a “variance” and defended its progress in independently procuring fuel.

ECG also pointed out that the report overlooked crucial factors such as forex losses and delayed payments to Independent Power Producers (IPPs), painting an incomplete picture of the company’s financial health.

ECG has therefore called for more balanced and constructive leadership from the PURC, urging for better collaboration to address the challenges facing Ghana’s energy sector.

Tags: ECGECG Managing Director Samuel Dubik Mahama Resigns Over Personal ReasonsMahama

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Importers Urged to Use Credit Cards as BoG Tightens Foreign Currency Rules

FirstBank Prepares for 2025 Staff Engagement Empowering People, Shaping Culture, Achieving Targets

Gov’t to Overhaul Investment Law, Create 24-Hour Economy Authority in New Bills to Parliament

Ghana, Singapore Push Cross-Border Payments and SME Ties as Mahama Hails Stabilising Economy

GoldBod Suspends Gold Buyer’s Licence Over Illegal Pricing

JICA and AfDB Sign Agreement to Extend Enhanced Private Sector Assistance Initiative for $5.5 Billion

Trending

Business

Bank of Ghana Sets Gold Coin Price at GHS 39,273 Per Ounce

August 28, 2025

Bank of Ghana Sets Gold Coin Price at GHS 39,273 Per Ounce The Bank of Ghana on...

Rewriting the Rulebook: Ghana’s Battle to Restore Currency Credibility

August 28, 2025

Bank of Ghana Raises GHS 836m in Short-Term Bill Auction at 24.8% Yield

August 28, 2025
Bank of Ghana

Importers Urged to Use Credit Cards as BoG Tightens Foreign Currency Rules

August 28, 2025

FirstBank Prepares for 2025 Staff Engagement Empowering People, Shaping Culture, Achieving Targets

August 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.