Minister for Energy and Green Transition, John Jinapor, has disclosed that the Electricity Company of Ghana (ECG) has seen a significant increase in monthly revenue generation in recent months.
Speaking at the Government’s Accountability Series held at the Jubilee House on Wednesday, July 16, Mr. Jinapor attributed the development to the ministry’s sustained interventions since he assumed responsibility for the energy sector six months ago.
“ECG’s monthly revenue is witnessing some significant increase. This increase represents about a 47.3% rise compared to the same period last year. And so, as you can see, we are seeing some real significant increase in revenues,” he stated.
Despite the gains, the Minister cautioned that the current revenue levels are still insufficient to fully resolve the structural and financial challenges confronting Ghana’s electricity sector.
He stressed the importance of adopting innovative and diversified funding mechanisms to boost long-term infrastructure development, reliability, and sustainability.
“Because of the huge challenges and the debt that we encountered, we need to pursue additional policy measures to ensure that we put the power sector on track,” he said.
Mr. Jinapor reaffirmed the government’s commitment to stabilising the energy sector, pointing to the newly introduced GH₵1 fuel levy as part of broader efforts to raise funds for power sector reforms and ensure a reliable electricity supply.
Source: Albert Kuzor
