Ghana Water Company Limited (GWCL) owes the Electricity Company of Ghana (ECG) over GH₵500 million in unpaid bills.
This makes GWCL the single largest debtor to ECG.
Customers owe GWCL GH₵800m
Meanwhile, customers also owe GWCL over GH₵800 million in unpaid bills.
GH₵2.5bn recovered so far
Interacting with selected senior media practitioners, Managing Director of ECG Samuel Dubik Mahama said the nationwide revenue mobilisation exercise to recover all unpaid bills has yielded GH₵2.5 billion out of the over GH₵5.7 billion debt customers owe.
Nationwide revenue mobilisation exercise
The ongoing exercise, which will last for a month, targets domestic users, businesses, organisations, ministries, departments and state agencies for power already consumed.
The exercise began on Monday, March 20 and is scheduled to end on Thursday, April 20, 2023.
4.5m ECG customer base
ECG has so far established 4.5 million customer base with prepaid and postpaid 50 per cent each and the count continues.
Mr Mahama told senior media practitioners that the Company will not relent until the debt is fully recovered.
GH₵500m to offset debt of soldiers, police, others
According to him, GH₵500 million was used to off-set debt of some public institutions including GH₵200m for Ghana Armed Forces (GAF), Ghana Police Service GH₵120 million among others.
Plans to offset GH₵1.2bn debt of MDAs with GRA
He announced that ECG is considering GH₵1.2 billion tax offset using the debts of some state institutions to clear tax obligation owed Ghana Revenue Authority (GRA).
ECG can be worth GH₵2bn a month
Mr Mahama is optimistic that if all consumers pay their bills, ECG will be worth GH₵2 billion a month company.
100% revenue losses
The ECG MD noted that as at the time he assumed office, the company was making about GH₵125 million a month and recording over 100% revenue losses.
End to end digitalization to curb revenue losses
To address revenue losses, he implemented end to end digitalization which has increased revenue significantly.
Bulk vendors increase from 400 to over 1,000
As part of the reforms, he said bulk vendors increased from 400 to over `1,000 leading to revenue increase.
Quota vending rises from GH₵100m to GH₵200m a month
Mahama revealed that revenue from quota vending rose from GH₵4.6 million to GH₵13 million a day which translates into monthly increase from GH₵100 million a month to over GH₵200 million a month.
