Business
Stanbic executive calls for involvement of financial institutions in wholesale electricity market
Sydney Nii Ayitey Tetteh, Executive Vice President, Energy and Infrastructure at Stanbic Bank Ghana, has emphasized the important role of financial institutions in the soon to be implemented wholesale electricity market. He made this statement at the Electricity Market Conference held at the Volta Residence, Akuse in the Eastern Region. The Electricity Market Conference had […]
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Business
Govt to tax foreign incomes of resident Ghanaians to replace VAT on electricity
The Government is seeking to plug the revenue gap created as a result of the abandoned VAT on electricity with a tax on the foreign incomes of resident Ghanaians. At the beginning of the year, the government introduced a value-added tax on electricity, however, it was forced to abandon the initiative following a public backlash. […]
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General
ECG announces dumsor in Tema Region
The Electricity Company of Ghana (ECG) has announced a reduction in power supply to its Mobile Bulk Supply Point in the Tema region, resulting in widespread power outages across various areas. Communities affected by these outages include Afienya, The Quarries, Christian International School, and Otsebreku. Additionally, establishments such as the Ghanaman Soccer Academy, Hot Oven, […]
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Energy
Energy Committee tasks ECG to publish load-shedding timetable
The Mines and Energy Committee of Parliament has tasked the Electricity Company of Ghana (ECG) to fast-track processes to ensure that consumers receive a load-shedding timetable in the coming days. At a crunch meeting with stakeholders in the energy sectors in Accra, the Chairman of the Committee, Samuel Atta Akyea, told the media that the […]
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News
Erratic power supply: Request supply data from power producers – PUWU tells PURC
The Public Utility Workers Union (PUWU) has waded into the erratic power supply situation (dumsor) in the country, calling on the regulator, the Public Utility Regulatory Commission (PURC), to demand power supply data from the power producers. The union maintained that the power distributor, the Electricity Company of Ghana (ECG), is experiencing less supply of […]
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Energy
PURC updates public on ECG’s compliance with Cash Waterfall Mechanism procedure
The Public Utilities Regulatory Commission (PURC) has announced that the Electricity Company of Ghana (ECG) is on course in respect of compliance with the 5 requirements under the Cash Waterfall Mechanism procedure. This is contained in a statement dated March 26, 2024, issued by the Commission and signed by its Executive Secretary, Dr Ishmael Ackah. […]
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Energy
‘Akufo-Addo has contributed immensely to challenges and dysfunction of power sector’ – COSECA
Coalition of Stakeholders in Electricity Contracts and Arrangements (COSECA), has accused President Akufo-Addo of contributing to the challenges and dysfunction of the power sector. In a statement dated March 26 and signed by its executive secretary, Nana Yaa Akyempim Jantuah, the coalition criticised the president for not adhering to the “laid-down structures” governing the sector. […]
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Energy
ECG officials inspect transformers after 8 pylons were vandalised
Officials of the Electricity Company of Ghana in the Ashanti Region have commenced an exercise to inspect all distribution transformers in the Region. The exercise is to help the company know the current state of all transformers to enable it serve customers better. The exercise, which started across all twenty-one (21) districts in the Ashanti […]
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Featured
Load-shedding time table: Ask those calling for it to bring it – Energy Minister
The Energy Minister, Dr. Matthew Opoku Prempeh, has stated that the country is not facing ‘dumsor’ (erratic power supply), indicating that individuals calling for a load-shedding timetable should release it themselves. He said the current power situation is “300 times better” than what was experienced under former President John Mahama in 2015. “If you are […]
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Energy
PURC bares its teeth at Electricity Company of Ghana over erratic power supply situation
The Public Utilities Regulatory Commission (PURC) has ordered the Electricity Company of Ghana (ECG) to comply with the Cash Waterfall Mechanism (CWM) and pay all tariff revenues as prescribed and allocated under the CWM to secure the financial integrity of the energy sector. According to the PURC, the objective of the CWM is to ensure […]
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Energy
ECG apologises to customers for difficulty in purchasing electricity credit
The Electricity Company of Ghana (ECG) has apologized to its customers for the challenges they have to go through in order to purchase electricity credits. The ECG said the challenge is due to the prevailing disruptions in internet connectivity. “The Electricity Company of Ghana wishes to inform our cherished customers and the general public that […]
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Energy
The total debt situation in Ghana’s power sector is $1.5bn – Bawa
Bongo lawmaker Edward Bawa has attributed this to the huge indebtedness in the power sector value chain. He says the power sector is currently facing a 1.5billion debts which government is unable to pay. He was contributing to a discussion on the power cuts being experienced in most parts of the country, on TV3’s Key […]
The post The total debt situation in Ghana’s power sector
General News
ECG Blames Power Outages On Full Capacity Transformers
The Electricity Company of Ghana (ECG) has identified the cause of recent power outages in the country. According to the ECG, the challenges stem from some of their distribution
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The post ECG Blames Power Outages On Full Capacity Transformers
Business
Power sector insolvency to worsen – IPPs warn over reduction in electricity tariffs
The Independent Power Producers Ghana (IPPs) have issued a stark warning that the country’s power sector challenges are on the brink of exacerbation. According to the Chamber, the sector is at risk of incurring an increased debt of approximately USD$1.8 billion to the IPPs alone by the close of 2024. This escalation is attributed to […]
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Business
Residential Electricity Tariffs Down By 6.5%
Dr. Ishmael Ackah – CEO of PURC Electricity tariffs for residential consumers within 301kWh and above have been reduced by 6.5% starting April 1 to June 30, 2024 In
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Featured
PURC reduces electricity tariff by 6.56% for some residential consumers
The Public Utilities Regulatory Commission (PURC) has announced a slight reduction in electricity tariff for residential consumers but said there will be no change (0%) in the prices paid by lifeline consumers (0-30 kWh), as well as residential consumers within the consumption bracket of 0-300 kWh. PURC says the marginal tariff reduction of 6.56% will […]
The post PURC
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