Ghana’s power sector struggles continue as Early Power warns of cutting electricity supply due to the Electricity Company of Ghana’s (ECG) outstanding debt of $48,215,405.89.
In a letter to the Acting Managing Director of ECG on Friday, February 28, 2025, Early Power raised concerns over ECG’s failure to make payments, noting that $47,249,898.93 of the total debt was overdue.
The letter, also copied to the Minister for Finance, the Minister for Energy, the Executive Secretary of the Public Utilities Regulatory Commission (PURC), and the Board Chairman, warned of serious financial consequences for the power supplier.
“As a result of ECG’s default in payment, the Seller finds itself in a precarious financial position and will not be able to meet its debt service obligations and operating costs,” parts of the letter stated.
Early Power has set a firm deadline of February 28, 2025, for the immediate settlement of the overdue amount.
The company warned that failure to meet this deadline would compel them to enforce remedies outlined in the Power Purchase Agreement (PPA) and the Power Compact Operations Agreement (PCOA).
Read Letter Below:
