The Government of Ghana has initiated a sweeping review of all revenue assurance contracts signed by the Electricity Company of Ghana (ECG), as part of a renewed effort to protect public finances and enhance efficiency within the energy sector.
Announcing the move, the Minister for Energy and Green Transition, John Abdulai Jinapor, revealed that a special committee has been established to meticulously examine the value-for-money, performance, and overall viability of existing agreements with third-party vendors responsible for revenue collection and protection.
Mr. Jinapor issued a firm warning that any contract found to be unfavourable, redundant, or non-performing will be promptly revised or terminated in the national interest.
“The formation of this committee is a proactive step to ensure that every contract held by ECG serves the best interest of the Ghanaian people,” the Minister stated.
“We will not hesitate to revise or abrogate agreements that do not meet our standards of performance and fiscal responsibility.”
The initiative underscores the government’s intensified focus on fiscal discipline, transparency, and accountability within the energy sector. It is also part of a broader reform agenda aimed at plugging revenue leakages, strengthening ECG’s financial sustainability, and ensuring that every cedi collected contributes meaningfully to national development.
The review process is expected to provide a clearer picture of the efficiency and impact of ECG’s partnerships, while setting a new benchmark for contract governance in the state-owned utility.
According to the Minister, details regarding the composition of the committee and its operational timeline will be made public in the coming days.
This decisive action, observers say, signals a bold step toward restoring financial integrity and public confidence in Ghana’s power sector.
