ECG owed around $729 million to the Bui Power Authority.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Electricity Company of Ghana (ECG) owed the Bui Power Authority more than $729 million by the end of 2023, according to the 2024 Auditor-General’s report on the public accounts of Ghana.

The figure reflects a long-standing failure by ECG to pay for electricity generated and supplied by Bui.

As of 2019, ECG’s outstanding debt to Bui stood at $386 million.

That figure rose by $343 million over the next four years, reaching $729 million at the close of 2023.

Source: newsthemegh.com