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ECG generated a profit under Mahama than Akufo Addo — John Jinapor

Former Deputy Minister of Power, John Jinapor, has claimed that the current President owes the Electricity Company of Ghana (ECG) and the Ghana Grid Company (GRIDCo) and that has resulted in the country's recent power outages.

Mr. Jinapor stated that by 2016, the end of Mahama government, ECG had earned a profit of roughly 500 million cedis, which he said was excellent for the development of the electricity industry, in an interview with Mugabe Maase on ‘the Gumbe Show' on TV XYZ.

According to him, ECG lost 700 million cedis in 2017 and 2.13 billion cedis in 2018 under the Akuffo Addo administration.

The administration has refuted opposition assertions that recent frequent power outages are due to debt owed to power producers.

The power cuts, according to Jinapor, who is also a legislator for Yapei Kusawgu, are due to the government's failure to pay off debts owed to power distributors.

“In 2016, ECG achieved a profit of 500 million cedis before the end of the year. ECG had a profit of 500 million in 2016, but a loss of 700 million in 2017, and a loss of 2.3 billion in 2018.”

“They lost 4 billion Cedis in 2019, and ECG lost 5 billion Cedis in 2020,” he continued.

He told the host Mugabe Maase that under Akufo-government, Addo alone debt totaled 12 billion Cedis.

When asked why ECG could generate a profit of 5 million Cedis under Mahama's administration yet develop a debt of 700 billion Cedis in the Akufo-Addo administration the following year, Jinapor answered, "the documents are here."

“GRIDCo generated a profit in 2016, but a total loss of 600 million dollars in 2018.” At the end of 2016, the company had a total loss of 37 million dollars, or 31 million dollars. Over 600 million in 2018,” he said.

“GRIDCo's boss came to tell us that they can't work if we don't take care of it,” he added.

According to Mr. John Jinapor, the current predicament is the product of ineptitude, political intervention, and mismanagement.

Content created and supplied by: eagle.i (via Opera News )

Akufo ECG John Jinapor Mahama Mugabe Maase


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