President Nana Akufo-Addo has stated that Electricity Company of Ghana (ECG) Limited’s monthly revenue has increased by 25 percent since the start of a digital transformational programme late last year.
According to the president, ECG embarked on the initiative to create a cashless and efficient payment system to check revenue leakages.
He made this known on Wednesday when delivering his State of the Nation Address on the floor of parliament in Accra,
“I am pleased to inform the House [parliament] that the Electricity Company of Ghana has since the last quarter of 2022 embarked on an aggressive digital transformation programme.
“Since the start of this transformational programme, we have so far seen a 25 percent increase in the monthly revenues.
“The programme’s first phase is set to be completed by the end of April 2023, with the second phase taking off with the digitisation of post-paid bills and the digital tagging of all meters.”
Mr. Akufo-Addo further estimated that by end of the initiative’s implementation in its entirety, the ECG is expecting a further rise in its monthly revenues by some 40 percent.
“In our estimation, these initiatives should increase the monthly revenues of ECG by some forty percent before end of this year. I firmly believe that the initiatives which have been so boldly rolled out by ECG will make revenue leakage a thing of the past, and address consumer pain points in their interactions with ECG, he added.”
The National Electricity Access rate, according to the president, also increased from 79.3 percent in 2016 to 88.54 percent in 2022.
He further expressed optimism that the ECG, the largest electricity utility, and the country as a whole will achieve the 90 percent universal electricity access rate by 2024; noting that the parts left to cover are the very difficult to access areas.
“We are now at the most difficult stage of electricity provision around the country. The National Electricity Access rate increased from 79.3 percent in 2016 to 88.54 percent in 2022, making us among the top-six in Africa; and we are still expecting to achieve the 90 percent universal electricity access rate by 2024,” President Akufo-Addo assured.
Meanwhile, to reduce transmission system losses and voltage fluctuations – and to improve the overall quality of power supply, he said old lines are being replaced on the western, eastern, coastal and middle corridors.
