ECG’s budget slashed from Ghc500m to Ghc250m
Ghana’s Minister of Energy and Green Transition, John Abdulai Jinapor, has taken a bold step to address financial mismanagement at the Electricity Company of Ghana (ECG) by slashing its annual operational budget from GH₵500 million to GH₵250 million.
This drastic decision follows shocking revelations that over 1,300 ECG containers mysteriously vanished from the Tema Port, sparking nationwide outrage.
Why Was ECG’s Budget Cut?
Jinapor explained that ECG had exceeded its 2023 budget by GH₵7.3 billion, primarily due to excessive purchases of electrical cables. The financial strain led to debts owed to power producers and the accumulation of uncleared containers at the port due to unpaid clearance fees.
With Ghana’s energy sector facing a GH₵80 billion debt crisis, Jinapor insists that decisive action is necessary to prevent collapse.
The Missing Containers Investigation
A committee led by Prof. Innocent Senyo Acquah discovered that while ECG claimed to have 2,491 uncleared containers, an independent audit at Tema Port found only 1,134, leaving 1,347 containers unaccounted for.
In response, Jinapor has vowed to recover the missing assets, stating:
“The over 1,300 containers cannot vanish into thin air. We will work with the Attorney General and the Police to ensure those responsible are brought to book and the containers or their monetary value is recovered.”
Major Reforms in ECG Procurement
To prevent further financial mismanagement, Jinapor announced a major restructuring of ECG’s procurement unit, set to be dissolved within a week. He has also pledged to introduce stricter procurement controls to curb reckless spending.
What’s Next?
With pressure mounting, Ghanaians are eager to see whether the government can recover the missing ECG containersand hold those responsible accountable. Will these reforms bring transparency, or will corruption continue to plague the energy sector?
