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ACEP cautions ECG over current revenue mobilisation effort

ACEP cautions ECG over current revenue mobilisation effort

The Executive Director of the Africa Center for Energy Policy (ACEP) Benjamin Baoakye has told the management of the electricity Company of Ghana (ECG) to find the balance in retrieving the debt owed to the company by institutions while at the same time not creating a disincentive for power consumption.

He explained that the ECG would need consumers to purchase and consume power otherwise it would not make any profit.

That does not also mean that it should not collect the debt owed it, he added.

Mr Ben Boakye said these on the Ghana Tonight show on TV3 Tuesday, March 21 while contributing to a discussion on the efforts by the management of the ECG to recover its debts.

The ECG has been embarking on a debt recovery exercise since Monday, March 20.
The company said that it has introduced a digitalized system to ensure the amount of money received from the debt recovery exercise is monitored directly by the Managing Director of the company.

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 exercise on Monday, March 20, the External Communications Manager of ECG, Laila Abubakar said “The national task force is the one that is in charge of the state-owned enterprises, the ministries, departments and agencies and so we have been going with them, we visited Parliament House, they were owing about a GHS13million they have committed to paying GHS8.5million, we saw evidence of that.

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The Executive Director of the Africa Center for Energy Policy (ACEP) Benjamin Baoakye has told the management of the electricity Company of Ghana (ECG) to find the balance in retrieving the debt owed to the company by institutions while at the same time not creating a disincentive for power consumption.

He explained that the ECG would need consumers to purchase and consume power otherwise it would not make any profit.

That does not also mean that it should not collect the debt owed it, he added.

Mr Ben Boakye said these on the Ghana Tonight show on TV3 Tuesday, March 21 while contributing to a discussion on the efforts by the management of the ECG to recover its debts.

The ECG has been embarking on a debt recovery exercise since Monday, March 20.
The company said that it has introduced a digitalized system to ensure the amount of money received from the debt recovery exercise is monitored directly by the Managing Director of the company.

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 exercise on Monday, March 20, the External Communications Manager of ECG, Laila Abubakar said “The national task force is the one that is in charge of the state-owned enterprises, the ministries, departments and agencies and so we have been going with them, we visited Parliament House, they were owing about a GHS13million they have committed to paying GHS8.5million, we saw evidence of that.

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Source: 3news

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