The Minister of Energy, Joe Oteng-Adjei regrets that the endemic corruption and maladministration at the Electricity Company of Ghana (ECG) has led to a diminished investor interest in the sector and an inability to achieve any target set by the national energy supply company.
Referring to the resent revelation by Anas Aremeyaw Anas, the Minister said the situation has brought an embarrassment to all players in the Energy Sector and that Ghanaians deserve a big apology for the unacceptable mess going on at the company.
“The challenge to collect enough revenue from their customers to pay for the energy supplied by the generation and transmission companies against the backdrop where corruption is endemic and conflicts of interest situations are as nauseating as it is punishable. In these situations, potential investors do not have the confidence that when they produce and deliver power to ECG, they will receive payment and the end result is that they will not be encouraged to invest in the sector. Our goal of generating enough power and providing good quality service to our people may therefore not be realized.”
Mr Joe Oteng-Adjei was speaking at the inauguration of a new Governing Board for the ECG on February, 3, 2012.
The Board is responsible for setting out the Company’s operational programmes and targets in line with the overall objectives of Government’s policy directives and as provided for by the Company’s objects. The Board also has responsibility for measuring performance against targets and the supervision of the Company’s Management to ensure that its goals and objectives are achieved.
The Minister was confident that this new Board will begin to turn around the fortunes of the company by insisting on proper administration of the state entity, demonstrate no tolerance for corruption and be keen on supervision to ensure the attainment of set targets.
“I am confident that the governing Board being inaugurated today will not fail in its responsibility to sanitize the company and recapture the lost confidence Ghanaians once had for the ECG while at the same time prosecuting its mandate.”


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