The Africa Centre for Energy Policy (ACEP) has renewed its call for the dissolution of the Electricity Company of Ghana’s (ECG) board, following the resignation of its Managing Director, Samuel Dubik Mahama, on Wednesday, September 25. Mahama stepped down citing personal reasons.
ACEP has consistently advocated for a complete overhaul of ECG’s management, particularly due to concerns over poor revenue collection from power sales. Speaking at a recent press conference, Kodzo Yaotse, Policy Lead for Petroleum and Conventional Energy at ACEP, highlighted that ECG’s revenue losses surged from GH¢295 million to GH¢9.7 billion between 2017 and 2022.
He argued that these staggering losses warrant the dismissal of the entire management team. In response to Mr. Mahama’s resignation, Yaotse told Citi Business News that the ECG board should also be held accountable. He called for a new management team with clear key performance indicators (KPIs) to ensure effective leadership and financial recovery at ECG.
“We didn’t give a timeline before the top man has left so we expect that given that they all superintended over the inefficiencies, if the top man is gone, they [the board] should all follow suit.
“We are not giving them any ultimatum but we expect that they will do the right thing or the appointing authority sees the lessons from the resignation of the CEO to be able to dissolve the board and reconstitute a proper one that will fix the problems,” Kodzo Yaotse said.
By: Daniel Sackitey
