• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, July 4, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

ECG Revenue Hits GHS 1.6 Billion in First Half of 2025

July 3, 2025
Prince Agyapongby Prince Agyapong
in Extractives/Energy
0
Working on ECG transmission lines

Working on ECG transmission lines

The Electricity Company of Ghana (ECG) has recorded a substantial improvement in its revenue mobilisation efforts, raking in GHS 1.6 billion within the first half of 2025, according to the Minister for Energy and Green Transition, Hon. John Abdulai Jinapor.

Although the amount falls short of the projected GHS 2.5 billion target for the period, it marks a significant year-on-year improvement compared to the same period in 2024—a sign of growing operational efficiency within the state-owned utility provider.

“If you do a year-on-year comparison, this month [June] of 2025 as compared to the same month in 2024, there’s a remarkable improvement in terms of revenue collection.”

Hon. John Abdulai Jinapor, Minister for Energy and Green Transition

The Minister attributed the improvement to enhanced billing practices, improved collection strategies, and a sustained clampdown on power theft and illegal connections. These, he said, have begun yielding results and restoring some level of financial stability to ECG’s operations.

RelatedPosts

Crude Oil Prices Rise Modestly Amid Trade Uncertainty

GoldBod Commits to Interbank Forex Rates After Black Market Controversy

GNPC Expands Offshore Safety Outreach to Fishing Communities 

“The operational strategies implemented over the past year, such as the digitalisation of billing systems and targeted inspections, are gradually reducing system losses and improving payment compliance.”

Hon. John Abdulai Jinapor, Minister for Energy and Green Transition
Hon. John Abdulai Jinapor Minister for Energy and Green Transition 2
Hon. John Abdulai Jinapor, Minister for Energy and Green Transition

While this is a promising development, the Minister acknowledged that ECG still has a long way to go to meet its financial targets and ensure the sustainability of power distribution across the country.

In a move to further strengthen ECG’s revenue streams and address systemic losses, the Minister announced the government’s plan to introduce a legislative instrument to impose stiffer penalties on individuals and syndicates involved in the illegal installation of electricity meters.

“We need stronger penalties to curb this practice.

“The illegal installation of electricity meters undermines the financial sustainability of ECG and poses serious safety risks to the public.”

Hon. John Abdulai Jinapor, Minister for Energy and Green Transition

He lamented that while some perpetrators have been arrested and prosecuted in recent months, the deterrent effect of the current sanctions has proven inadequate.

“In many cases, these offenders walk free with light penalties.

“This emboldens more people to engage in illegal metering, and ECG continues to lose money as a result.”

Hon. John Abdulai Jinapor, Minister for Energy and Green Transition

The proposed legislation, expected to be tabled in Parliament in the coming weeks, seeks to amend the existing framework by significantly increasing fines and introducing possible custodial sentences for repeat offenders or criminal syndicates.

Addressing Power Sector Sustainability

ECG Maintenance New
ECG Maintenance

The dual approach—revenue optimisation and legal reform—forms part of a broader strategy to stabilise ECG’s finances and reduce its reliance on government bailouts. The utility company has long been criticised for inefficiencies, billing inconsistencies, and an inability to curb power theft.

ECG’s financial woes are further compounded by mounting arrears to Independent Power Producers (IPPs), who supply a large portion of Ghana’s electricity but often face delayed payments. As of late 2024, sector debts had ballooned to over US$3 billion, threatening the sustainability of electricity supply.

Energy experts argue that improving ECG’s cash flow through better revenue mobilisation is essential for building a credible and functional electricity value chain.

The government has also ramped up support for ECG’s digitalisation agenda, including prepaid metering, mobile payment platforms, and customer self-service portals. These innovations are expected to make payments more accessible and efficient while reducing the scope for meter tampering.

Hon. Jinapor assured Parliament that further investments would be made in grid upgrades, transformer replacements, and enhanced metering infrastructure.

ECG
Electricity Company of Ghana (ECG)

“We are working on a new ECG transformation programme that will ensure universal coverage of smart meters and digitised billing across all regions by 2027.”

Hon. John Abdulai Jinapor, Minister for Energy and Green Transition

While GHS 1.6 billion in revenue collection marks notable progress, the government recognises that deeper structural reforms are necessary to turn ECG into a self-sustaining, customer-focused, and efficient utility.

With legal reforms on the horizon and continued operational enhancements underway, ECG’s financial health may finally be on the path to recovery—provided the momentum is maintained and political will remains steadfast.

As Ghana aims for universal electrification by 2030, the role of ECG in this vision cannot be understated. Stronger enforcement, increased transparency, and strategic investment will be key pillars of success in the years ahead.

READ ALSO: NPP Decries EC’s Rerun of 19 Polling Stations Election in Ablekuma North

Tags: ECG financial performanceECG revenue 2025Ghana ElectricityGhana power sector reformsJohn Jinapor
Please login to join discussion
Previous Post

Aboagye Challenges Bias in Dankwah’s Election Polls

Next Post

Government Rallies Support for 24-Hour Economy Policy, Positive on Transformation

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

President John Mahama on peace after election
General News

Mahama Calls for Action on Peace Amid Ghana’s Global Decline 

July 4, 2025
Association of Ghana Industries (AGI), Seth Twum-Akwaboah
Vaultz Business

Business and Investor Confidence Rebounding in Ghana – AGI

July 4, 2025
Thomas Partey
Sports

Thomas Partey Charged With Rape

July 4, 2025
Lil Win Targets Global Fame with New Movie
Entertainment

Lil Win Targets Global Fame with New Movie

July 4, 2025
Hon. Muntaka Mohammed-Mubarak, Police, Service
General News

Ghana Police Launch 24-Hour Economy Security Secretariat

July 4, 2025
Brent Crude Could Spike to $110 – Goldman Sachs 
Extractives/Energy

Crude Oil Prices Rise Modestly Amid Trade Uncertainty

July 4, 2025
President John Mahama on peace after election
General News

Mahama Calls for Action on Peace Amid Ghana’s Global Decline 

by Lilian AhedorJuly 4, 2025
Association of Ghana Industries (AGI), Seth Twum-Akwaboah
Vaultz Business

Business and Investor Confidence Rebounding in Ghana – AGI

by Stephen M.CJuly 4, 2025
Thomas Partey
Sports

Thomas Partey Charged With Rape

by Evans Junior OwuJuly 4, 2025
Lil Win Targets Global Fame with New Movie
Entertainment

Lil Win Targets Global Fame with New Movie

by Esther Korantemaa OffeiJuly 4, 2025
Hon. Muntaka Mohammed-Mubarak, Police, Service
General News

Ghana Police Launch 24-Hour Economy Security Secretariat

by Silas Kafui AssemJuly 4, 2025
Brent Crude Could Spike to $110 – Goldman Sachs 
Extractives/Energy

Crude Oil Prices Rise Modestly Amid Trade Uncertainty

by Prince AgyapongJuly 4, 2025
President John Mahama on peace after election
Association of Ghana Industries (AGI), Seth Twum-Akwaboah
Thomas Partey
Lil Win Targets Global Fame with New Movie
Hon. Muntaka Mohammed-Mubarak, Police, Service
Brent Crude Could Spike to $110 – Goldman Sachs 
[/vc_row_inner]

Recent News

  • Mahama Calls for Action on Peace Amid Ghana’s Global Decline 
  • Business and Investor Confidence Rebounding in Ghana – AGI
  • Thomas Partey Charged With Rape
  • Lil Win Targets Global Fame with New Movie
  • Ghana Police Launch 24-Hour Economy Security Secretariat
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.