Energy Systems Specialist, Dr. Elikplim Kwabla Apetorgbor, has stated that the under-declaration of revenue by the Electricity Company of Ghana (ECG) should not be reduced to mere accusations of inefficiency or corporate mismanagement.
According to him, this issue is a stark reflection of a deeper structural challenge in Ghana’s power sector—political interference in revenue management.
Speaking to Joy Business, Dr. Apetorgbor, who is the Chief Executive Officer of the Chamber of Independent Power Producers (IPPs), explained that as a state-owned enterprise (SOE), ECG operates in a delicate balance between regulatory compliance and political directives.
“It dares not under-declare revenues unless emboldened by a stronger force—one that overrides its regulatory obligations,” he stated.
“Blaming ECG for under-declaring revenue is a misplaced argument that ignores the bigger picture,” he added.
He argued that the issue is not ECG’s internal financial management but rather the extent to which political interference dictates revenue decisions.
Until ECG is granted full operational autonomy, he said, its financial performance will always be influenced by political expediencies rather than sound commercial principles.
He concluded that Ghana must choose to either allow ECG to function as a true utility business or continue the cycle of blame without addressing the root cause of the problem.
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