The Acting Managing Director of the Electricity Company of Ghana (ECG), Julius Kwame Kpekpena, has announced significant progress in the company’s ongoing reforms, including the retrieval of more than 1,000 missing containers and the cancellation of over 200 non-performing contracts.

Mr. Kpekpena disclosed this during a briefing to the Parliamentary Committee on Energy, which is monitoring the utility’s operations and restructuring efforts.

“We have started moving the containers from the ports, and I am happy to report that over 1,000 have already been retrieved. This is part of our effort to restore accountability and clean up the system,” he stated.

The Acting MD explained that shortly after assuming office, the management team discovered several contracts that were not in the best interest of ECG.

“We have since cancelled more than 200 contracts, and we will continue to tighten procurement processes to restore financial discipline and reduce wastage,” he said.

Mr. Kpekpena highlighted that these reforms are already yielding results. In July 2025, ECG recorded its highest-ever monthly revenue of GHS 1.74 billion, a milestone he described as evidence that changes in billing and revenue collection are paying off.

On expenditure, he noted that the company has significantly reduced its spending.

Administrative costs dropped from GHS 279 million in 2024 to GHS 169 million in 2025.

Overall spending for the first half of 2025 fell from GHS 110 million to GHS 77 million, marking the first time in years that ECG has operated below budget.

Mr. Kpekpena emphasized that addressing illegal electricity meters remains a top priority.

“It is important for us to remove illegal meters and replace them with ECG-approved ones. Otherwise, our losses will continue to grow,” he cautioned.

He also acknowledged challenges with customer service, including delays in meter provision and new connections, but assured that reforms are underway to improve efficiency.

“We know there are still frustrations in some districts, but we are fixing our internal processes to make service delivery smoother. We want customers to feel the change,” he said.

Mr. Kpekpena reaffirmed ECG’s commitment to transparency, accountability, and reliable service delivery.

“With the support of the board, the Ministry of Energy, and the Presidency, we are determined to deliver sustainable and reliable power supply to Ghanaians. We have tightened our belt, restored operational ability, and put measures in place to curb excesses. This is only the beginning,” he concluded.