ECG Losses Drop To GH¢2.52bn As IMANI Africa Reacts To Energy Reforms

According to recent reports, Policy think tank IMANI Africa has expressed cautious optimism regarding government reforms in Ghana’s energy sector following a high-level meeting with Energy and Green Transition Minister Dr. John Abdulai Jinapor on October 26, 2026.

A central highlight of the discussion was a dramatic 69.5% reduction in after-tax losses at the Electricity Company of Ghana (ECG)—falling from GH¢8.26 billion in 2024 to GH¢2.52 billion in 2025. IMANI commended the progress but called for independent verification to determine how much stems from true operational efficiency versus exchange-rate fluctuations. ECG system losses also reportedly dropped from 27.05% to roughly 23%.

In a statement signed by Kay Codjoe and highlighted by IMANI President Franklin Cudjoe, the think tank evaluated several structural initiatives proposed by the Ministry. These include dividing ECG’s distribution network into four operational zones featuring Ghanaian equity, performance-based contracts, and pension fund investment opportunities. The Ministry also plans to modernize the grid through smart meters, transformer-level accounting, and urgent investments to avert transmission failures within two years.

Furthermore, the green transition agenda emphasizes rooftop solar expansion, utility-scale battery storage, and solar streetlighting, alongside calls to eliminate customs duties on imported solar components. To ensure long-term stability, the Ministry aims to restore financial discipline under the Cash Waterfall Mechanism and rectify past procurement overruns.

While applauding the Ministry’s strategic focus on technology and private capital, IMANI emphasized that policy announcements must yield tangible results. The think tank proposed a 90-day accountability framework and a consolidated performance report to verify revenue recovery and loss reductions. IMANI concluded that transparent execution and prudent management remain critical to ending Ghana’s cycle of energy sector bailouts and ensuring reliable, cost-effective power for citizens.

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