{"id":218924,"date":"2024-09-20T06:52:37","date_gmt":"2024-09-20T06:52:37","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/09\/20\/management-of-ecg-must-be-dismissed-over-gh%c2%a29bn-loss\/"},"modified":"2024-09-20T06:52:37","modified_gmt":"2024-09-20T06:52:37","slug":"management-of-ecg-must-be-dismissed-over-gh%c2%a29bn-loss","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/09\/20\/management-of-ecg-must-be-dismissed-over-gh%c2%a29bn-loss\/","title":{"rendered":"Management of ECG must be dismissed over GH\u00a29bn loss"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Africa Centre for Energy Policy (ACEP) is demanding the dismissal of the management of the Electricity Company of Ghana (ECG) over alleged mismanagement.<\/p>\n<p>ACEP stresses that revenue losses, for instance, have increased from GH\u00a2295 million to GH\u00a29.7 billion between 2017 and 2022.<\/p>\n<p>Policy lead on petroleum and conventional energy with ACEP, Kodzo Yaotse, during a press conference on Thursday, September 19, called for the management of ECG to be dismissed for performing poorly in its revenue mobilisation efforts.<\/p>\n<p>\u201cThe growing fiscal burden imposed on the economy by ECG\u2019s poor performance has become a ticking time bomb that can undermine the progress made after the domestic and international debt restructuring to keep Ghana solvent.<\/p>\n<p>\u201cWith the level of debt accumulation and the intervention required of the state, it is just a matter of time before Ghana is plunged into another debt crisis. With IPP debt mounting and gas suppliers and transporters demanding payments, the pressure on the government to sacrifice social investment is high.\u201d<\/p>\n<p>Mr. Yaotse also called for an end to what he said is a wasteful use of state resources, which he said cannot be allowed to persist.<\/p>\n<p>\u201cThe political lethargy to enable ECG to deliver value to the people of Ghana continues to hurt Ghana\u2019s budget and, by extension, development efforts. The Energy Sector Recovery Programme (ESRP) estimates that realised power sector shortfalls between 2019 and 2023 were about US$8.25 billion.<\/p>\n<p>\u201cThis is a sheer waste of public resources that cannot persist. In light of the above.\u201d<\/p>\n<hr\/>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><em><strong>No spam, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Africa Centre for Energy Policy (ACEP) is demanding the dismissal of the management of the Electricity Company of Ghana (ECG) over alleged mismanagement. ACEP stresses that revenue losses, for instance, have increased from GH\u00a2295 million to GH\u00a29.7 billion between 2017 and 2022. Policy lead on petroleum and conventional energy with ACEP, Kodzo Yaotse, during [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":169368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-218924","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Management of ECG must be dismissed over GH\u00a29bn loss - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/09\/20\/management-of-ecg-must-be-dismissed-over-gh\u00a29bn-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Management of ECG must be dismissed over GH\u00a29bn loss - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Africa Centre for Energy Policy (ACEP) is demanding the dismissal of the management of the Electricity Company of Ghana (ECG) over alleged mismanagement. ACEP stresses that revenue losses, for instance, have increased from GH\u00a2295 million to GH\u00a29.7 billion between 2017 and 2022. Policy lead on petroleum and conventional energy with ACEP, Kodzo Yaotse, during [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/09\/20\/management-of-ecg-must-be-dismissed-over-gh\u00a29bn-loss\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-20T06:52:37+00:00\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/management-of-ecg-must-be-dismissed-over-gh%c2%a29bn-loss\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/management-of-ecg-must-be-dismissed-over-gh%c2%a29bn-loss\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Management of ECG must be dismissed over GH\u00a29bn loss\",\"datePublished\":\"2024-09-20T06:52:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/management-of-ecg-must-be-dismissed-over-gh%c2%a29bn-loss\\\/\"},\"wordCount\":302,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/management-of-ecg-must-be-dismissed-over-gh%c2%a29bn-loss\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/management-of-ecg-must-be-dismissed-over-gh%c2%a29bn-loss\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/management-of-ecg-must-be-dismissed-over-gh%c2%a29bn-loss\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/09\\\/20\\\/management-of-ecg-must-be-dismissed-over-gh%c2%a29bn-loss\\\/\",\"name\":\"Management of ECG must be dismissed over GH\u00a29bn loss - 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