John Jinapor, the Energy Minister designate, has directed the Electricity Company of Ghana (ECG) to immediately halt all payments to suppliers in a bid to address critical financial challenges facing the company.

Speaking on Citi FM on Thursday, January 9, Jinapor highlighted the need for decisive action to curb revenue losses and inefficiencies within ECG.

“ECG loses over 40% of the power generated, while other countries experience only 2-4% losses. No matter what you do, you cannot find a solution with such massive financial leakages,” he emphasized.

Jinapor pointed to the mismanagement of over 70 accounts within ECG, which he said has contributed to significant financial leakages and a lack of control. He warned ECG staff, particularly those in the finance directorate, that serious consequences would follow any disregard of this directive.

To ensure a sustainable solution, the Minister designate proposed private sector involvement to enhance billing and collection systems, streamline operations, and improve overall efficiency.

“We don’t even want to wait until I am sworn in. We are working with technical teams, the World Bank, and the IMF to establish a transparent framework for private sector engagement,” he stated.

Jinapor’s move is part of broader efforts to stabilize Ghana’s energy sector, which is grappling with mounting challenges, including a looming fuel shortage.