25.9 C
Accra
Monday, July 8, 2024
Independent AfricaECG grapples with mounting debts, looming disconnections, impacting finance ministry

Date:

ECG grapples with mounting debts, looming disconnections, impacting finance ministry

spot_img

The Ministry of Finance has an outstanding electricity debt of GH¢1 million that has accrued over ten months, which could result in its disconnection from the national grid.

The Electric Company of Ghana (ECG) is grappling with a mounting issue as it seeks to address a significant debt owed by the Ministry of Finance, totaling GH¢1,025,918.

- Advertisement -

To resolve the matter and underscore the importance of timely bill payments, ECG plans to engage with Finance Minister Dr. Amin Adam.

The ministry’s failure to settle electricity bills over the past ten months has exacerbated the situation, straining ECG’s operational capabilities and impacting its ability to meet the demands of power producers.

- Advertisement -

In response to the mounting debt, ECG has intensified its debt collection efforts, leading to the disconnection of numerous private and public entities from the national grid. One notable case occurred on Monday, February 19, 2024, when Accra Academy Senior High School experienced a sudden power outage due to outstanding debts.

The abrupt disconnection plunged the esteemed educational institution into chaos, disrupting both academic and residential activities. Teachers and students faced significant challenges amid the blackout, with no immediate resolution in sight.

- Advertisement -

However, after settling approximately GH¢500,000 in post-paid bills dating back to July 2023, power has been restored to Accra Academy SHS, offering a temporary reprieve from the crisis.

Latest stories

Akufo-Addo advocates culture of democracy amid “Democracy Cup” celebration

President Akufo-Addo has emphasized the crucial role of all...

Video: Actor LilWin shows scars from wounds he sustained after accident

Actor and comedian Kwadwo Nkansah ‘Lil Win’ has revealed...

Achimota School, State to pay over GHC600k in damages for death of student

Following a lengthy legal battle spanning seven years and...

Forgive Chef Smith, he has acknowledged his wrongdoing – Nacee

Gospel artist Nacee has issued a public apology to...

I will fix deteriorating football pitches, pay stipends to Premier League players – Mahama

The Flagbearer of the National Democratic Congress (NDC), John...

Ernest Nuamah secures a permanent transfer to French club Olympique Lyon

French Ligue 1 club Olympique Lyonnais has officially signed...

Related stories

Ghana ranks 2nd in Sub-Saharan Africa for remittances – WB Report

In 2023, Ghana emerged as the second-largest recipient of...

EU bolsters Maritime Security in Sub-Region

EU funds and completes EnMAR training for 15 port...

Dangote refinery in Lagos on fire

A fire broke out at the Dangote Refinery in...

President Ruto calls protests in Kenya “treasonous”

President William Ruto has announced a stringent crackdown on...

LEAVE A REPLY

Please enter your comment!
Please enter your name here