Energy Minister, Dr Matthew Opoku Prempeh has revealed that the Electricity of Ghana (ECG) has recorded an increase in collection losses.
Speaking in an update on the country’s power situation in Accra today Thursday November 9 at the Ministry of Information, Energy Minister, Dr Matthew Opoku Prempeh said ECG recorded losses in the first nine months of 2023.
According to the Minister, the company recorded a total of GH¢2, 050,373,143.47 as collection losses as of September 2023.
Collection loss, as explained by the Minister, is the income that is not received due to non-payment, delinquency, or bad debt from tenants or customers.
“The amount is against a total of GH¢2, 448,770,084.34 loss recorded by the company in the year 2022.
“For system losses, the ECG had recorded GH¢4,038,241,812.63 loss as of September 2023 as against an amount of GH¢2,599,695,242.10 in 2022. The company made technical losses of GH¢1,279,369,021.42 as of September 2023 as against GH¢2,758,872,792.21 in 2022,” he said
Energy Minister, Dr Matthew Opoku Prempeh, also added that with respect to commercial losses, ECG lost GH¢2,758,872,791.21 as against GH¢1,852,597,985.96 recorded in 2022.
Ghana | Atinkaonline.com | Vivian Adu
