Tag: ECG debt
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World Bank Warns ECG Debt Could Soar to $9 Billion by 2026
The World Bank Group (WBG) Divisional Director for Ghana, Sierra Leone, and Liberia, Robert Taliercio, has cautioned that the Electricity Company of Ghana (ECG) is burdened with a huge debt, which, if left unaddressed, could rise to $9 billion by the end of 2026. He revealed that the WBG’s 9th Economic Update Report on Ghana…
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ECG: An albatross on national development, or can it contribute more resources?
Ghana’s largest power distributor, the Electricity Company of Ghana (ECG), which is supposed to be a key driver of the country’s economic growth, has become a liability rather than an asset, according to economic analysts. According to data from the power distributor’s website, ECG was established as the Electricity Corporation of Ghana in 1967 by…