GH¢2 million debt owed ECG was inherited – Electrochem
The management of Electrochem Limited, a salt mining company owned by Dr Daniel McKorkely, has reacted to claims that it owes GH¢300,000 debt to the Electricity Company of Ghana (ECG).
This comes after an exercise carried out in the Ada District in the Greater Accra Region by the ECG Revenue Taskforce, discovered that the company owed power debt accrued over the years.
But the management of the company, interacting with journalists, explained that the debt situation was an inherited one after it took over the premises.
They added that the company had inherited a debt of about GH¢2 million over eight years from the previous occupants of the premises – a large chunck which they indicated has been paid by Electrochem.
“Although the situation is unfortunate, we have to put on record that when we took over Songor, the lights were off for about 8 years with over GH¢2 million power debt which was inherited.
"We have since paid a large sum of it and want to assure you that we are keen on settling all outstanding owed to the ECG,” the management explained.
Prior to the disconnection exercise, the ECG taskforce also cut the power supply of some three other privately-owned businesses in the Ada District.
They include Moonlight Fresco Limited, which is a banana-producing firm; and fish farming company, Frosell.
The other company, which was impacted by the exercise was Kemmat Hotel, which is said to have owed over GH¢200,000 in debt on its six power meters.
The ECG on March 20, 2023, embarked on a nationwide revenue mobilisation exercise.
Source: Classfmonline.com/cecil Mensah
British Airways fined $1.1m by US government11:38
Ofori-Atta sues Captain Smart for ¢10m for suggesting minister took 10% of US$3bn IMF bailout11:19
Property rate: GRA exempt churches, schools, cemeteries others15:14
IMF's 3yr bailout not enough to see Ghana through economic crisis – Prof Peprah12:35
MP, university organise orientation for 350 job seekers12:27
iPhone in India: Foxconn to manufacture smartphones in Karnataka by April 202411:03
World Bank calls for review of PPAs09:14
Genser Energy enhances community engagement through partnerships and sustainable solutions12:43
IMF deal makes Ghana’s cedi one of May’s best currency12:10
MTN Ghana declares GHp12.4 dividend11:48