William Boateng, Director of Communications of the Electricity Firm of Ghana (ECG), has claimed that the company will not collapse if the requested 148 percent increase is not granted by the Public Utilities Regulatory Commission (PURC).
The ECG is requesting a price rise of 148 percent. According to a suggestion filed to the Public Utilities Regulatory Commission (PURC), the adjustment should be made between 2019 and 2022.
In addition, it suggested a 7.6% pricing rise over the following four years to cover Distribution Service Charges (DSC).
To bring the situation to a close, the PURC convened a conference with various stakeholders, including the Mines and Energy Committee of Parliament, civil society organizations, the World Bank and USAID, the media, and the Association of Ghana Industries (AGI).
Mr. Boateng remarked in an interview with Joy FM’s Top Story that whatever proportion PURC agrees on will be used to manage the current crisis.
“We’ll see what happens, but we’re certain that they’ll take into account both the consumer’s and our interests.” We will be satisfied when they have given us everything. We will not collapse if this does not happen. We will share the information they provide with other development partners. We’ll send it to the company’s owner, make our case, and they’ll look at the areas that need to be addressed right away,” he added.
“ECG has been providing the services already in the last three years,” he responded when asked why ECG would not demonstrate its ability to reduce its debt to sales ratio by 20% before asking for more.
He said that approximately $400 million had been invested, but that there was a limit “because we have to go to the financial institutions with our existing statement, which is not good, which is why we are begging the PURC and customers to help us and invest into the system.”