Dr. Elikplim Kwabla Apetorgbor
Energy Systems Specialist, Dr. Elikplim Kwabla Apetorgbor, has indicated that the under-declaration of revenue by the Electricity Company of Ghana should not be reduced to accusations of inefficiency or corporate mismanagement.
According to him, it is rather a stark reflection of the deeper structural issue plaguing Ghana’s power sector—political interference in revenue management.
Speaking to Joy Business, Dr. Apetorgbor who is the Chief Executive Office of the Chamber of Independent Power Producers (IPPs) said as a state-owned enterprise (SOE), ECG operates in a delicate balance between regulatory compliance and political directives.
“It dares not under-declare revenues unless emboldened by a stronger force—one that overrides its regulatory obligations”, he explained.
“Blaming ECG for under-declaring revenue is a misplaced argument that ignores the bigger picture”, he added.
According to him, the problem is not ECG’s internal financial management but the extent to which political interference dictates revenue decisions.
Until ECG is granted full operational autonomy, he said its financial performance will always be subject to political expediencies rather than sound commercial principles.
He concluded, saying, Ghana must therefore choose to either allow ECG to function as a true utility business or continue the cycle of blame without addressing the root cause of the problem.
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