The minister in charge of Government Communications, Felix Kwakye Ofosu, has raised concerns over what he describes as reckless expenditure by the Electricity Company of Ghana (ECG) under the previous administration.
In an interview on TV3’s Keypoint, he claimed that ECG had procured excessive equipment, leading to unnecessary costs.
“Do you know that the ECG, as we speak, they have about 3,000 containers sitting at the Tema Port?
"They have bought items that they will not require in the next 10 years, some of which will expire in 5 years. And because of that, they are attracting demurrage of GHC1.5 billion annually. Is that useful expenditure?” he questioned.
Kwakye Ofosu further highlighted the financial struggles of state institutions, revealing alarming levels of debt.
“Look at the level of indebtedness of state institutions. Look at the arrears. As of now, $67 billion is what has been verified. ECG alone, they have GHC68 billion on their books. How can you have a situation like that?” he added.
-MyNewsGH
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Comments
And who was chair Board of EGC for the past years, Alex Afenyo-Markin. yes him la. He kept quiet on this one, hasnt he ?. The Container Deal is long time thing in ECG ooo. You get a contract to supply EGC, you get your man inside EGC . You take your contract letter to import those equipment to Tema Harbour. You show EGC the Bill of Lading and tell them you have no money to clear the goods. Your inside man get the finance there to pay half of your contact. You still pretend to wait for full settl...