Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has resigned, citing personal reasons for his departure.
His resignation comes at a time of heightened friction between the ECG and the Public Utilities Regulatory Commission (PURC) over financial instability in the energy sector.
In his resignation letter, portions of which were seen by Puretvonline.com, Mr. Mahama stated, “I have concluded that it is in my best interest to step away for personal reasons.”
He also expressed gratitude to President Akufo-Addo, who appointed him in May 2022, for the trust placed in him.
Mahama’s tenure was marked by efforts to improve cash flow through digital initiatives and significant tariff hikes, yet the company’s financial challenges persist.
A recent PURC report flagged concerns about ECG’s potential bankruptcy, delays in salary payments, and operational difficulties, affecting key entities such as the Volta River Authority (VRA) and GRIDCo.
The ECG, however, has expressed dissatisfaction with the PURC’s review, claiming that it misrepresents key issues like fuel costs and forex losses. They called for more constructive leadership to address Ghana’s ongoing energy crisis.