Energy Minister reports gains in power sector; ECG revenue up by 47%

The Minister for Energy and Green Transition, Mr John Jinapor, has indicated that Ghana’s power sector is gradually stabilising, with monthly revenue for the Electricity Company of Ghana (ECG) increasing by 47.3 per cent compared to the same period last year.

Mr Jinapor disclosed this during a Government Accountability Series media briefing held in Accra on Wednesday, July 16, 2025.

He attributed the improvement to reforms introduced by the current administration, including the implementation of a new billing system, streamlined procurement processes, and enhanced financial controls.

“When we assumed office, we realised the billing system was not fit for purpose. ECG has now transitioned to a new platform they call Zeos, which has helped improve commercial processes across the board,” Mr Jinapor said.

He added that ECG is now operating a single holding account at the Ghana Commercial Bank under the cash waterfall mechanism.

This arrangement, he explained, ensures more predictable payments to power producers and fuel suppliers.

According to the Minister, this renewed financial discipline enabled the government to pay more to Independent Power Producers (IPPs) in the first half of 2025 than it did throughout 2024.

“We are not out of the woods in its entirety, but at least we are seeing progress,” he stated.

Mr Jinapor further announced that President John Mahama has ordered a review of the cash waterfall mechanism to improve transparency and ensure that savings made through the system are properly applied to support the sector.