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ACEP renews call for ECG board dissolution following MD’s resignation
The Africa Centre for Energy Policy (ACEP) has reiterated its demand for the dissolution of the Electricity Company of Ghana’s (ECG) board in the wake of the resignation of its Managing Director, Samuel Dubik Mahama, on Wednesday, September 25.
Mahama, who stepped down citing personal reasons, leaves amid growing concerns about ECG’s financial performance and management inefficiencies.
ACEP, a strong advocate for a complete overhaul of ECG’s management, has frequently voiced concerns over the company’s poor revenue collection practices. Kodzo Yaotse, Policy Lead for Petroleum and Conventional Energy at ACEP, pointed out that ECG’s revenue losses have ballooned from GH¢295 million in 2017 to a staggering GH¢9.7 billion by 2022.
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At a recent press conference, Yaotse emphasised that such massive financial losses are reason enough to hold the entire management team accountable. He suggested that the resignation of Mahama should prompt the dismissal of the ECG board as well.
In an interview with Citi Business News monitored by Puretvonline.com, Yaotse argued that a new management team with clear and measurable key performance indicators (KPIs) is needed to steer ECG towards financial recovery and operational efficiency.
“We didn’t give a timeline before, but now that the Managing Director has stepped down, we believe the board, which oversaw the inefficiencies, should also step aside,” he said. “We’re not issuing an ultimatum, but we expect the board to do the right thing, or the appointing authorities should dissolve and reconstitute a board capable of fixing the issues at ECG.”
Yaotse’s remarks reflect ACEP’s broader stance that the ECG’s financial mismanagement requires immediate and decisive action to restore the company’s performance and accountability.
