Accra, Ghana – Minister for Energy and Green Transition, John Abdulai Jinapor, announced today that the Electricity Company of Ghana (ECG) has terminated over 202 supply contracts valued at more than $227 million. This significant move is part of a comprehensive clean-up exercise aimed at enhancing efficiency and curbing financial waste within the energy sector.
Speaking at the Government Accountability Series in Accra on Wednesday, July 16, 2025, Mr. Jinapor explained that the cancellations followed a thorough review of 347 agreements entered into by ECG. Many of these contracts were found to have failed to meet their stipulated delivery timelines. “To reduce ECG’s contingent liabilities and streamline inventory control and cost savings, the government initiated a comprehensive review of all ECG contracts,” the Minister stated, adding that the terminated deals, totaling $227.6 million, £1.17 million, and €4.08 million, were for new supplies that had not yet been delivered, distinct from materials currently held at the country’s ports.
Mr. Jinapor also indicated that an additional 145 contracts are undergoing further scrutiny, with potential for future termination based on assessment outcomes. He emphasized that this action aligns with the government’s commitment to “clean up the energy sector, improve value for money, and ensure that procurement processes are strictly adhered to.” The announcement comes as the Minister addresses President Mahama’s marching orders to ensure stable power supply, accelerate petroleum sector development, and manage the substantial energy sector debt. These reforms are part of broader government efforts to foster greater transparency, accountability, and reliability in energy service delivery across the nation.
Ruth Abla ADJORLOLO
