Politicians and individuals with political connections are allegedly profiting from the Electricity Company of Ghana (ECG) through its procurement processes. This accusation comes from Ben Boakye, Executive Director of the Africa Centre for Energy Policy (ACEP).
Boakye stated that the financial problems facing the ECG are not solely due to technical and commercial losses. He highlighted that inefficiencies and alleged misuse in the company's buying procedures also play a significant role.
These practices, according to Boakye, contribute to the ECG's ongoing financial challenges. The utility company has faced difficulties in its operations and finances.
The ACEP Executive Director believes that addressing these procurement issues is crucial for improving the ECG's financial health. He called for a review of how the company buys goods and services.
Boakye's comments suggest a need for greater transparency and accountability in the ECG's procurement activities. This could involve stricter oversight and audits.
The allegations point to a potential abuse of power by those in political circles. Such actions can weaken state-owned enterprises.
Further investigation into the ECG's procurement records may be required to confirm these claims. Officials have not yet responded to the specific allegations.