Hubtel denies $25m PowerApp payment by ECG

Hubtel, a technology firm working with the Electricity Company of Ghana (ECG), has denied allegations that it was paid $25 million for its role in developing the PowerApp software.
In a statement responding to what it called "false claims" made by certain Civil Society Organisations (CSOs) and media commentators, Hubtel clarified that it had not received the alleged sum.
The company explained that the $25 million figure was a projected cost limit approved by ECG’s Board of Directors at the start of the project.
To date, around $12 million of the projected amount has been spent on modernising outdated systems and improving ECG's operations, including the development of the PowerApp.
Hubtel also addressed allegations that it receives 3% of the value of electricity purchased by ECG customers, clarifying that it charges a fee of 1.95% for transactions processed through its payment platform for merchants and retailers, with Hubtel's actual share being 0.95%.
Responding to claims that ECG’s revenues have not improved since Hubtel's involvement, the company pointed to a 210% increase in average monthly revenue growth compared to August 2022.
Hubtel credited its work and the new commercial systems for the increase, which it said represents the longest-sustained period of revenue growth in ECG’s history.
Trending News
GITW 2025: Experts call for smarter approach to infrastructure development
10:53EC considers rerun of Ablekuma North Parliamentary election
15:06Gov't suspended Energy Levy to ease economic burden on citizens – Majority Leader
14:56Ghana shouldn’t sleep’ – Henry Osei Akoto as he welcomes 24-Hour Economy
09:582024 Presidential election: Bawumia’s defeat widest in Ghana’s political history – Razak Kojo Opoku
14:48Unionist cautions GRNMA President against politicising labour negotiations
14:45Teachers urged to embrace STEM as tool for uncovering students’ talents
08:50Packaged Water Producers urge gov't to suspend new excise tax on plastic packaging
14:10Suspended Chief Justice a victim of her own actions -GFL boss
14:31Defence Minister urges Parliamentary support for Armed Forces
08:14