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ECG’s revenue mobilisation exercise not IMF-driven – MD clarifies

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The Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has debunked rumours that the recent revenue mobilisation exercise embarked on by the power distributing company was driven by the International Monetary Fund (IMF) conditionalities on the government.

In an interview with Accra-based Citi FM on Thursday, Mr Mahama said ECG conducted research and discovered that it was “bleeding” and needed to recover monies urgently.

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According to him, the company’s dashboard revealed areas where they were leaking and bleeding, leading to a loss of moral high ground as they were owed GH¢5.7 billion.

“We said let’s all move out in one month and see if we can close the gap and see if we can make everybody happy. Through this exercise, one of the things that will happen is that we will be able to clean our books,” Mr Mahama said.

He also disclosed that the power company has so far recouped over GH¢2 billion from its debtors and is set to disconnect and prosecute those who do not pay.

“We have collected in excess of GH¢2 billion. That is less than half [of what we targeted], but we have one more week to go before I am able to give my figures. Why are people not paying? We will disconnect and prosecute,” he added.

In conclusion, Mr Mahama reiterated that the exercise was not influenced by the IMF’s bailout requirements, and such assertions should be stopped.

Source: Citi FM Online.

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