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ECG Board Reports Strong Financial Recovery As Company Pushes Ahead With Transformation Agenda

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La Palm Royal Beach Hotel, Accra – 31st July 2026

The Electricity Company of Ghana (ECG) is beginning to see positive results from sweeping reforms aimed at restoring the Company’s financial health, strengthening governance and improving service delivery, the Chairman of the Board of Directors, Ing. Dr.William Amuna, has announced.

Speaking at the Company’s Annual General Meeting, Ing. Amuna said ECG made significant progress in 2025 despite operating in a difficult economic environment, recording improved financial performance while laying a solid foundation for long-term sustainability.

According to him, the Board’s first task after assuming office was to undertake a comprehensive review of ECG’s operations to better understand the challenges confronting the Company.

“The review identified critical issues including high system losses, growing debt and excessive inventory levels,” he said. “These findings shaped our strategic priorities and culminated in the development of our five-year corporate strategy, Transforming ECG: Empowering the Future of Energy.”

The strategy, he explained, is driving reforms designed to modernise the Company, improve operational efficiency and position ECG to meet Ghana’s growing energy needs.

One of the clearest signs of progress, the Chairman noted, was the Company’s financial performance. ECG increased its revenue by 16.2 per cent to GHS22.1 billion in 2025, while reducing its loss after tax from GHS8.26 billion in 2024 to GHS2.52 billion. Total assets also grew by 8.5 per cent to GHS82.75 billion.

Although the Company continues to face financial challenges, Ing. Amuna described the improved results as evidence that the difficult but necessary reforms being implemented by the Board and Management are beginning to yield results.

He revealed that ECG also reduced by 35 per cent the amount owed to Independent Power Producers (IPPs) compared to the previous year, reflecting the Company’s commitment to meeting its obligations under the Cash Waterfall Mechanism and restoring confidence within Ghana’s power sector.

Beyond improving the Company’s finances, the Board has also intensified efforts to strengthen corporate governance.

During the year, the Board approved a number of key governance instruments, including a Corporate Governance Framework, a Board Charter, a Conflict of Interest Policy and a Code of Conduct for Board Members.

“The Board remained committed to the principles of accountability, transparency and integrity throughout the year, even as the Company navigated significant operational and financial challenges,” Ing. Amuna stated.

The Board also approved the nationwide rollout of ECG’s SAP Enterprise Resource Planning (ERP) system to improve efficiency, backed the renegotiation of selected Power Purchase Agreements to reduce costs and directed Management to strictly comply with procurement regulations and the Cash Waterfall Mechanism Policy.

Cost-saving measures introduced during the year including the renegotiation of major service contracts, the decoupling of electronic payment platforms and the termination of underperforming supply contracts generated substantial savings for the Company.

Another major achievement, according to the Chairman, was ECG’s successful conclusion of the Power Distribution Services (PDS) arbitration, which prevented a potential financial liability of more than US$300 million.

Looking ahead, Ing. Amuna said the Board remains optimistic about ECG’s prospects despite prevailing challenges.

He announced that the Company will continue investing in projects that improve network reliability and customer service, including the deployment of Supervisory Control and Data Acquisition (SCADA) systems and drone technology for network inspection and maintenance.

Cybersecurity will also remain a key priority as ECG expands its digital services and technology-driven operations.

While acknowledging that debt management, tariff alignment and improving revenue collection remain critical priorities, the Chairman expressed confidence that ongoing collaboration with Government, regulators and industry stakeholders will create a more sustainable future for the electricity distribution sector.

“Our outlook for 2026 is cautiously optimistic,” he said. “We expect continued revenue growth, sustained investment in our network and stronger collaboration across the energy sector to support ECG’s transformation journey.”

Ing. Amuna expressed appreciation to the Government of Ghana, the Ministry of Energy and Green Transition, the Ministry of Finance, the Public Utilities Regulatory Commission (PURC), the Energy Commission, the State Interests and Governance Authority (SIGA), as well as ECG’s generation and transmission partners for their continued support.

He also paid tribute to ECG employees across the country for their dedication and resilience in delivering electricity to millions of customers despite the challenges faced by the Company.

He reaffirmed the Board’s commitment to building a financially stronger, more efficient and customer-focused utility.

“We remain committed to transforming ECG and empowering the future of energy,” he said.

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Nhyiaeso Chief assures support to end encroachment on utility corridors in Kumasi

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Ashanti West – 5th September 2026

Traditional authorities of Nhyiaeso, a suburb of Kumasi, have pledged support to the Electricity Company of Ghana to protect lands serving as utility corridors in the area.

Chief of the community, Nana Osei Yaw Frimpong II, assured of ending encroachment of utility corridors and enforcing the right-of-way laws within his jurisdiction.

The Kumasi Nhyiaesohene made the assurances during a courtesy call on the management of the Ashanti West Region on Wednesday, September 2, at the Regional Office in Adum.

“Electricity cannot get to our homes and businesses without poles and transformers, so if you want to install a transformer at designated utility corridors within my jurisdiction and you notice anyone has encroached or if you see anyone selling beside your poles or under your wires, kindly report to my office and we will ensure the right thing is done,” he pledged.

The support from the traditional authority comes at a time when utility companies like the Electricity Company of Ghana (ECG) and Ghana Grid Company Ltd (GRIDCo) are battling the menace of heavy encroachment on lands earmarked for the construction of electricity infrastructure.

The visit afforded the chief the opportunity to interact with Ashanti West Management and deepen existing relations between ECG and traditional authorities in the Ashanti Region.

Nana Osei Yaw Frimpong II also commended ECG for improved service delivery in areas under his jurisdiction, like Ahodwo, parts of Adum, Darkodwom, Danyame, Ridge, KATH, Ridge Condos, and surrounding areas.

“Electricity has become a necessity for every household, and without electricity, businesses and, to a larger extent, the economy will collapse, so as traditional authorities, we have to support you to do your work diligently. If the light stays on, our people will also benefit tremendously, and I must say that in recent times, the power has been stable, so keep up the good work,” he said.

Ing. George Amoah, General Manager for ECG Ashanti West Region, welcomed the assurance and promised further collaboration with traditional authorities to serve the region.

“As the Kumasi Nhyiaesohene, your territory is critical to our operations, as it is located in the central part of Kumasi, with individuals encroaching on our right of way with their buildings. These individuals end up writing to ECG to relocate our infrastructure at an extra cost to the company, so pledging to support us and ending this menace is a step in the right direction,” he said.

Ing. Amoah noted that the electricity distributor is fully aware of the load growth in areas like Ridge, Danyame, Ahodwo, and the Adum Central Business District, with numerous high-rise buildings replacing smaller buildings, and is assured of an improved power supply for commercial activities in the area.

Ing. Amoah announced that ECG has upgraded some power transformers at the Ridge Bulk Supply Point, and GRIDCo is currently upgrading their power transformer as part of efforts to meet the growing demand of power in the greater Kumasi and Ashanti regions.

“We have also started a project to install two new 500 kVA transformers within the Adum Central Business District to meet the growing demand for electricity in Adum,” he added.

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