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The Board Chairman of the Electricity Company of Ghana (ECG), Alexander Afenyo-Markin, has dismissed calls for the board’s dissolution, describing them as unjustified.
The calls, spearheaded by the Africa Centre for Energy Policy (ACEP), were prompted by concerns over financial mismanagement, as ECG’s losses reportedly ballooned from GH¢295 million in 2017 to GH¢9.7 billion by 2022.
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Afenyo-Markin, while introducing David Asamoah as the acting Managing Director following the resignation of Samuel Dubik Mahama, stressed that stakeholder engagement and internal reforms are the keys to addressing the company’s challenges. He emphasized that blaming the board or external stakeholders would not solve ECG’s operational inefficiencies.
Mahama’s resignation, submitted to Afenyo-Markin, surprised many, given his two-year tenure, and the reasons for his departure have yet to be officially disclosed.
