Franklin Cudjoe, the President of Imani Africa, has stated that Dubik Mahama performed admirably as the CEO of the Electricity Company of Ghana (ECG) until he encountered overwhelming sabotage that became difficult to manage.
His comment came in light of Mahama’s sudden resignation, which Mr Cudjoe attributed to growing frustration, particularly regarding pressures to purchase fuel from certain entities.
In an interview on GTV’s Breakfast Show, Mr Cudjoe indicated that Mahama’s decision to resign was not surprising.
He underscored the necessity of having strong support within state institutions and shared that Mahama had confided in him about the internal conflicts he was experiencing.
Mr Cudjoe noted that Mahama had previously expressed he would step down if he ever lost the backing of President Nana Addo Dankwa Akufo-Addo.
Mr Cudjoe highlighted that the challenges Mahama encountered intensified during a period marked by severe power outages, suggesting that sabotage escalated as Mahama successfully mobilized funds to address these issues.
He metaphorically stated that the decline had persisted for too long, making Mahama’s departure inevitable.
In his resignation letter, Mahama thanked the board and President Akufo-Addo for the opportunity to serve as CEO, with his resignation taking effect two weeks from the date of the letter.
Throughout his two-year tenure, he confronted significant challenges, including a problematic prepaid meter billing system and a staggering GH¢10.21 billion loss in 2022. Despite these hurdles, Mahama made notable progress, recovering over GH¢2 billion in debts within a single month.