La Palm Beach Hotel – 30th July 2026

The Electricity Company of Ghana (ECG) has posted a dramatic improvement in its financial performance for 2025, cutting its after-tax loss by nearly 70% and signalling that a year of deep structural reform is beginning to pay off.
The figures were unveiled at the company’s 28th Annual General Meeting (AGM) held at the La Palm Royal Beach Hotel in Accra on Thursday 30th July, 2026, the first of such meeting ECG has convened since 2018, bringing together government officials, sector regulators, independent power producers and interest groups to take stock of the company’s performance over the years.

ECG’s loss after tax fell from GHC8,255.80 million in 2024 to GHC2,521.20 million in 2025, even as revenue climbed 16.2% to GHC22,109 million. The improvement follows a wave of reforms launched last year aimed at restoring financial discipline and strengthening governance and accountability across the company.
As a result, ECG has been able to meet its financial obligations to power producers more consistently with the notable exception of independent power producer Karpowership.
Despite the progress, the Board of Directors will not recommend a dividend payment to the company’s sole shareholder for the 2025 financial year, citing the scale of retained losses still on the books.

Speaking at the AGM, the Deputy Minister of Energy and Green Transition, Hon. Richard Gyan-Mensah, commended the company’s steady improvement, describing it as vindication of government’s decision to pursue reform.
“Government has always believed that the financial health of ECG has a direct implication on the production, distribution and efficient service in the power sector,” he said, adding that “without a financially healthy ECG, there cannot be a sustainable energy sector.”
Hon. Gyan-Mensah said ECG had demonstrated the potential to become not merely a viable utility, but one of the best power companies on the continent. He urged the company to build on the momentum and convert it into real, sustained profitability while also sharpening its focus on customer service.
“As we strengthen our finances and improve infrastructure, there should also be an improved customer service to make the transformation complete,” he said. “Just as there will be no sustainable energy sector without ECG, the company cannot thrive without satisfied customers.”

The ECG Board Chairman, Ing. Dr. William Amuna told the shareholders that the Board had overseen the implementation of government’s reform agenda and remained fully committed to securing the company’s long-term financial sustainability.
He outlined a four-channel strategy now being actively pursued by Management, built around:
• Debt reduction
• Tariff full cost recovery
• Loss reduction and improved collections
• Growth of other income streams
He announced to the house that this strategy has been endorsed by the Board and is being actively pursued by Management.

ECG’s Managing Director, Ing. Kwame Kpekpena, attributed the improved position to a combination of internal reforms and favourable external conditions; chief among them being the stability of the Cedi, which generated a foreign exchange gain of GHC12,159 million for the company.

He also pointed to strong operational gains, with ECG’s customer base expanding to 5,851,762 by the end of the year, and prepaid customers now forming the clear majority of that base at 53.49%.
“This deliberate structural shift delivers immediate operational advantages, directly accelerating our revenue collection, strengthening our working capital and significantly enhancing the overall efficiency of our billing and collection workflows,” Ing. Kpekpena said.

Looking ahead, he said ECG had set six strategic priorities for the coming year, with continued investment in its people, safety culture, and digital platforms forming the foundation for the next phase of performance.

The AGM drew wide representation from across Ghana’s energy and governance landscape, including the Ministry of Finance, the State Interests and Governance Authority (SIGA), the Public Utilities Regulatory Authority (PURC), GRIDCo, the Volta River Authority (VRA) represented by the Chief Executive, Ing. Edward Ekow Obeng-Kenzo, independent power producers and the ECG Workers Union.
Also in attendance were Kofi Kapito, Founder and CEO of the Consumer Protection Agency, and Dr Steve Manteaw, Policy Analyst and Co-Chair of the Ghana Extractive Industries Transparency Initiative (GHEITI).

By Nana Kwesi Coomson, Principal Communications Officer, Head Office