ECG owes GHS5.7bn – Managing Director
The Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has said that GHS5.7 billion is owed to the country’s electricity distributor.
He said the company would step up debt collection.
“Every month we would show up to collect the debt,” he said.
He made the revelation on TV3’s Ghana Tonight show on Wednesday, March 22.
ECG has started a debt recovery exercise from Monday, March 20.
The company said it has introduced a digital system to ensure the amount of money received from the debt recovery exercise is directly monitored by the company’s Managing Director.
Mr. Mahama said he has so far been able to collect between 40 and 50 Million Cedis every day since the exercise started.
“I can make 40 to 50 million cedis per day, we expect to increase,” he said.
The task force visited institutions such as Parliament, the Ghana Arprort Company Limited (GACL) and the Ghana Broadcasting Corporation (GBC) as part of the debt recovery.
Speaking to journalists after the training on Monday, March 20, the Manager of External Communications of ECG, Laila Abubakar said, “The national task force is the one responsible for the state companies, ministries, departments and agencies and so we have gone with them, we opened Parliament House, they owe about GHS13million they committed to pay GHS8.5million, we saw evidence of that.
“We went to the Airpot Company of Ghana, they had arrears of GHS28 million, who made a payment of GHS10 million immediately when we got there, so we gave them 48 hours to pay in full.”
He added, “Currently, we are with the Ghana Broadcasting Corporation, they also owe about GHS 6 million, but they have explained that because of the way they operate, they will not be able to release the money. We will soon, they have had some discussions with the Minister Information and the National Media Commission together with the Ministry of Energy and there was some sort of agreement last year. However, the ECG point is that there is no movement in the outstanding debt.
“They have explained that they have a system and they will make money and pay because they have to find innovative ways to make money, so we have given them permission to leave within 48 hours.”
ECG has also cut houses and industries due to debt.
Laila Abubakar said, “In Tema, we have received photos of disconnections that happened at home, we have received photos of them in some industries in Tema and they are being disconnected.
“I hope that at the end of the day, we should be able to see a lot of money coming into our account.
“Our system has been digitized in such a way that at the end of the day, the Managing Director will be able to see how much has been recovered from this exercise and so that we will report in a timely manner how our weekly earnings are. Basic.”
By Laud Nartey|3news.com|Ghana
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