ECG faces PAC scrutiny over losses exceeding GH₵7m

The Public Accounts Committee (PAC) of Parliament on October 17, 2026, questioned the management of the Electricity Company of Ghana (ECG) regarding financial losses exceeding GH₵7 million. The inquiry was prompted by findings in the 2024 Auditor-General’s Report, which flagged significant fiscal discrepancies and raised concerns about the utility provider's long-term financial sustainability.

Appearing before the committee, the Managing Director of ECG, Ing. Julius Kwame Kpekpena, addressed the heavy financial burden placed on the company by Independent Power Producers (IPPs). Kpekpena explained that the management is currently engaged in efforts to renegotiate and lower the costs associated with power purchase agreements. He highlighted that moving toward more competitive procurement strategies is a priority to reduce the operational overheads that have historically hampered the company’s balance sheet.

The discussions also explored the possibility of electricity tariff adjustments to improve ECG's financial stability. Committee members and ECG leadership deliberated on how current pricing structures affect the company’s ability to cover its operational costs and meet its financial obligations. While potential tariff hikes remain a sensitive issue, the PAC noted that such measures might be necessary to ensure the company remains a viable entity capable of providing consistent power to the nation.

As the PAC continues its review of the 2024 Auditor-General’s Report, the focus remains on ensuring transparency and accountability within Ghana’s energy sector. The findings from this session are expected to inform future legislative recommendations and policy shifts aimed at stabilizing the energy market and improving the efficiency of state-owned enterprises like the ECG.