President-elect John Dramani Mahama has disclosed that the Electricity Company of Ghana is experiencing commercial and technical losses exceeding 32%.
Mahama stated that, no utility company can survive while suffering 32% commercial and technical losses.
He further emphasized that the governance of the Electricity Company of Ghana (ECG) is in a very poor state.
“There is no utility company that can survive with 32% commercial and technical losses and continue to be a viable utility so as quickly as possible we need to reform the whole electricity value chain in order that we have better efficiency and performance if we are to have sustainable power going forward”he said.
According to the president-elect, the current priority is the economy, and although the current president sounded very ambit about the third quarter growth, the economy is still very sick from what he has seen and heard and there are many areas that still need to be worked on as quickly as possible especially the energy sector.
“Especially the Energy sector, the energy sector can derail everything that we have done, with regard to debt exchange, and the IMF program because the debt continues to pile up there”, he added.
