Thursday, 03 April

Tain MP raises concerns over ECG’s financial mismanagement and missing containers

News
Sulemana Adams

The Member of Parliament for the Tain Constituency, Sulemana Adams, has expressed his concerns regarding the ongoing controversy surrounding the Electricity Company of Ghana (ECG) and the missing containers at the Tema port.

Speaking on the issue, Sulemana highlighted the significant discrepancies between the budget allocations and actual expenditures of the ECG, describing the situation as alarming.

According to him, ECG’s spending patterns over recent years have raised serious questions about the company's management practices.

In 2022, ECG reportedly spent over seven billion Ghana Cedis, far exceeding the allocated budget of 1.2 billion.

This trend continued in 2023 and 2024, with ECG spending eight billion Ghana Cedis, despite being allocated only 1.5 billion.

 Sulemana pointed out that such financial inconsistencies indicate possible mismanagement and wastage of resources within the company.

He particularly criticized the manner in which contracts were awarded, noting that the Managing Director of ECG has a threshold of one billion Ghana cedis for awarding contracts.

However, the company signed 20 contracts, each valued at 900 million Ghana Cedis, seemingly to circumvent the spending limit.

“These practices raise questions about accountability and responsible management at ECG.

It is crucial that the company’s leadership be held accountable for these discrepancies to ensure that public resources are efficiently utilized,” Sulemana stated.

He also emphasized the need for politicians to collaborate with technocrats to implement better management practices within state institutions.

According to him, ensuring transparency and efficiency at ECG is vital, given the essential role of electricity in driving industrial growth and national development.

 

The Tain MP urged the relevant authorities to thoroughly investigate the issues at ECG, especially in light of the missing containers at the Tema port, to safeguard the company’s financial integrity and maintain public trust

Source: Classfmonline.com