The Electricity Company of Ghana (ECG) says it has retrieved 50% of debts from is customers through the revenue mobilisation exercise.
With about two days to end its March 20 to April 20 special revenue mobilisation exercise, the Electricity Company of Ghana (ECG) says it has been able to retrieve close to about 50 per cent of its targeted GHc5.7 billion owed the company by customers.
While the amount is nowhere near its targeted 100 per cent recovery, the company says it is a positive sign that with a little more effort, it will further improve, adding that it is going to use the final days to aggressively round off the exercise.
The Director of Communications of the ECG, William Boateng, explained that the final days of the exercise should not be seen as being used to harass anyone or any industry, saying: “Unfortunately, we have to recover the debt to sustain not just our business but also the power production chain.”
“We owe the independent power producers (IPPs) and they have already indicated that they risk scaling down operations if the bills are not settled.
“Now where we are, we need to let the value chain survive. The value chain must be stable, else the power sector will suffer. We want customers to appreciate the fact that we are not out to harass them,” he told the Daily Graphic in an interview to give an update on the exercise.
Last month, the ECG announced that it was embarking on a revenue mobilisation exercise from March 20 to April 20 to recover all debts owed by all categories of customers, including state-owned enterprises (SOEs).
Only critical installations, such as the National Security and public health facilities, were exempted from the exercise.
