{"id":266935,"date":"2024-12-17T14:26:58","date_gmt":"2024-12-17T14:26:58","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/12\/17\/john-mahama-decries-ecgs-32-commercial-losses\/"},"modified":"2024-12-17T14:26:58","modified_gmt":"2024-12-17T14:26:58","slug":"john-mahama-decries-ecgs-32-commercial-losses","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/12\/17\/john-mahama-decries-ecgs-32-commercial-losses\/","title":{"rendered":"John Mahama decries ECG&#8217;s 32% commercial losses"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/247\/24747280.295.jpg\" alt=\"President-elect John Dramani Mahama\" title=\"President-elect John Dramani Mahama\" width=\"295\" height=\"210\" \/> <span class=\"image_caption\"><span>President-elect John Dramani Mahama<\/span><\/span><\/p>\n<\/div>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p id=\"article-123\">President-elect John Dramani Mahama has raised alarm over the deteriorating state of the Electricity Company of Ghana (ECG), citing unsustainable technical and commercial losses exceeding 32%.<\/p>\n<p>Describing ECG\u2019s current governance as deeply flawed, Mahama expressed concern over the impact of these losses on the nation\u2019s energy sector. \u201cECG\u2019s governance is in a very bad way, and they are making commercial and technical losses of more than 32%,\u201d he stated.<\/p>\n<p>Mahama warned that if the challenges facing the ECG are not addressed promptly, they could undermine key economic recovery initiatives, including the debt exchange programme and the ongoing International Monetary Fund (IMF) agreement.<\/p>\n<p>\u201cThe energy sector can derail everything that we have done with regard to the debt exchange and the IMF programme because debt continues to pile up there,\u201d he cautioned.<\/p>\n<p>Highlighting the urgency of the situation, Mahama stressed the need for reforms across the electricity value chain to ensure the sector\u2019s sustainability. He noted that no utility company could remain viable while incurring such significant losses.<\/p>\n<p>\u201cNo utility company can survive with 32% of technical and commercial losses and continue to be a viable utility,\u201d Mahama remarked.<\/p>\n<p>The President-elect called for decisive action to stabilize the energy sector, reduce losses, and secure Ghana\u2019s energy future. He emphasized that reforms were essential to safeguard the sector and sustain its contribution to the nation\u2019s development.<\/p>\n<p>With these remarks, Mahama signalled his administration\u2019s commitment to addressing the challenges in Ghana\u2019s energy sector as a priority upon taking office.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President-elect John Dramani Mahama President-elect John Dramani Mahama has raised alarm over the deteriorating state of the Electricity Company of Ghana (ECG), citing unsustainable technical and commercial losses exceeding 32%. Describing ECG\u2019s current governance as deeply flawed, Mahama expressed concern over the impact of these losses on the nation\u2019s energy sector. \u201cECG\u2019s governance is in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":266625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-266935","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>John Mahama decries ECG&#039;s 32% commercial losses - 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\/12\/17\/john-mahama-decries-ecgs-32-commercial-losses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"John Mahama decries ECG&#039;s 32% commercial losses - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"President-elect John Dramani Mahama President-elect John Dramani Mahama has raised alarm over the deteriorating state of the Electricity Company of Ghana (ECG), citing unsustainable technical and commercial losses exceeding 32%. Describing ECG\u2019s current governance as deeply flawed, Mahama expressed concern over the impact of these losses on the nation\u2019s energy sector. \u201cECG\u2019s governance is in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/12\/17\/john-mahama-decries-ecgs-32-commercial-losses\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-17T14:26:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/12\/24747280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"428\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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\\\/12\\\/17\\\/john-mahama-decries-ecgs-32-commercial-losses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/12\\\/17\\\/john-mahama-decries-ecgs-32-commercial-losses\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"John Mahama decries ECG&#8217;s 32% commercial losses\",\"datePublished\":\"2024-12-17T14:26:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/12\\\/17\\\/john-mahama-decries-ecgs-32-commercial-losses\\\/\"},\"wordCount\":262,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/12\\\/17\\\/john-mahama-decries-ecgs-32-commercial-losses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/24747280.jpg\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/12\\\/17\\\/john-mahama-decries-ecgs-32-commercial-losses\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/12\\\/17\\\/john-mahama-decries-ecgs-32-commercial-losses\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/12\\\/17\\\/john-mahama-decries-ecgs-32-commercial-losses\\\/\",\"name\":\"John Mahama decries ECG's 32% commercial losses - 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