The Public Accounts Committee of Parliament is concerned about the Electricity Company of Ghana’s (ECG) over $600 million debt to the Bui Power Authority.
According to the Auditor General’s report, ECG failed to comply with its monthly payment plan, resulting in the outstanding debt as of December 31, 2022.
The report, if ECG continues to violate the agreed-upon payment terms, the Authority’s cash flow may suffer.
Speaking before the Public Accounts Committee, the Chief Executive Officer of the Bui Power Authority, Kofi Dzamesi, stated that efforts are being made to recover the funds.
“I think that what the auditors say is very true, and we are taking steps to ensure that ECG pays us. But it’s becoming very difficult. But I’m happy to say that many times the Minister of Energy [Dr. Mathew Opoku Prempeh] does well by asking the finance ministry to come to our aid sometimes.
“So we will continue this negotiation and with the support of our minister, I think we will be able to handle this matter. But it’s really a problem,” Mr. Dzamesi stated.
The members of the committee recommended the ministry of finance to ensure that ECG pays its debts to Bui and the Volta River Authority (VRA).
