By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The High Street Journal
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
The High Street JournalThe High Street Journal
Search
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
Follow US
© 2024 | The High Street Journal. All Rights Reserved.
Business & EconomyNews

Gov’t Terminates 202 ECG Contracts

Government has terminated 202 ECG supply contracts worth US$227.6m, £1.17m, and €4.08m to reduce liabilities and enhance cost control as it gains a 47.3% increase in monthly revenue. Energy Minister John Jinapor says 145 more contracts are under review as part of broader procurement accountability efforts in the power sector.

Government Cancels $227 Million ECG Contracts to Cut Liabilities and Curb Waste
Joseph Yoyowah
Jul 17, 2025

Ghana’s Energy and Green Transition Minister, John Jinapor, has announced the termination of over 202 supply contracts worth more than $227 million awarded under the Electricity Company of Ghana (ECG), in a move to reduce liabilities and tighten procurement controls .

Speaking at the second edition of the Government Accountability Series, Dr. Jinapor revealed that the terminations followed a comprehensive review of 347 contracts, which uncovered widespread delays in delivery by suppliers.

“In total, 202 contracts have been terminated with the approval of the ECG Board. These contracts were valued at approximately US$227.6 million, £1.17 million, and €4.08 million,” he stated.

The terminated agreements exclude contracts where goods are currently delayed at Ghana’s ports. Jinapor further disclosed that the remaining 145 contracts are under continued assessment and could also be axed depending on findings from the ongoing review.

The Minister emphasised that the cancellations form part of a broader accountability drive to curb waste, strengthen procurement oversight, and ensure value for money within the power utility sector.

READ ALSO

GEXPO 2026 To Power Ghana’s Export Drive with Dedicated Export School at Black Star Square
Africa’s Urban Growth Is Outpacing Its Economic Transformation, World Bank Finds
Ghana Targets Nine Job-Creating Sectors Under GH¢10 New Economy Policy
Government Cancels $227 Million ECG Contracts to Cut Liabilities and Curb Waste

The ECG, which has long battled rising operational costs and inefficiencies, is expected to benefit from reduced liabilities and streamlined inventories, with the government positioning the move as a critical step towards financial prudence and efficient utility management.

This bold action comes amid increasing scrutiny of Ghana’s public sector contracts, with President Mahama’s administration intensifying efforts to enforce fiscal discipline across ministries and state agencies.

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading…

Related

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Email
Previous Article Denmark Aims to Host World’s Most Powerful Quantum Computer
Next Article Construction Sector Inflation Eases Slightly – What It Means for Projects and Prices Construction Sector Inflation Eases Slightly – What It Means for Projects and Prices
- Sponsored Content -
Ad imageAd image

LATEST NEWS

National Fuel Consumption Climbs 13.37% Year-on-Year in Early 2026
Mixed Outlook at the Pumps as Petrol and LPG Prices Ease While Diesel Faces Upward Pressure
Business & Economy
World Bank Warns Poor Urban Planning Could Limit Job Creation in Africa
World Bank Warns Poor Urban Planning Could Limit Job Creation in Africa
Business & Economy
Ghana's Latest Attempt to Fine Its Way into Road Safety
TRAFFITECH: When the Solution Can Become Another Problem
Opinions
Ghana’s 70% Local Drug Production Target Faces Financing, Skills Gaps
Ghana’s 70% Local Drug Production Target Faces Financing, Skills Gaps
Business & Economy News
Ghana Bankers’ Institute Targets Fraud, Bad Loans as New Council Takes Office
Ghana Bankers’ Institute Targets Fraud, Bad Loans as New Council Takes Office
News

You May Also Like

2026 Budget’s 800K Projected Jobs Fantastic, But Are They Sustainable? – An Economist Quizzes

While Policy Rate Cut Seeks to Grow Economy, Success Will Depend on Tightening Inflationary Loopholes – Economist

Minister-Designate Outlines 24-Hr Economy as Solution to 1D1F Raw Material Shortages

Africa's AI Governance, Data & Cybersecurity to Take Center Stage at 4th TICON Conference in Zambia

AI, Precision Technologies Drive Ghana’s Innovation Economy – CSIR-INSTI

Inflation Likely to See an Uptick: IC Research Predicts a Rise to 3.9% in March, Ending Cooling Streak

Charcoal, Plantain and School Fees Drive February Inflation as Fuel and Fresh Produce Drag

Power lines picture

Prez Mahama Assures Gov’t’s Commitment to Support IPPs

Oil Prices Fall Amid Weak US Demand, Geopolitical Risks Keep Markets Steady

Oil Prices Fall Amid Weak US Demand, Geopolitical Risks Keep Markets Steady

Unaffordable Electricity Pushing Businesses Toward Illegal Connections, FABAG Warns

Unaffordable Electricity Pushing Businesses Toward Illegal Connections, FABAG Warns

Ghana Businesses Still Waiting for Cheaper Credit Despite Sharp Rate Declines

Ghana Businesses Still Waiting for Cheaper Credit Despite Sharp Rate Declines

The High Street Journal

About Us

Delivering focused and insightful business perspectives; impacting lives.

Email: [email protected]

Useful Links

  • About
  • AI Strategy & Policy
  • Advertise
  • User Policy
  • Be a Guest Author
  • Contact Us
  • Sitemap

Stay Connected

© 2026 | The High Street Journal. All Rights Reserved.

Loading Comments...
%d