The Managing Director of Electricity Company of Ghana (ECG), Kwame Agyeman-Budu says the company has made a savings of $4 million as a result of cost cutting measures it introduced 2019.
“Since November 2019, I have been able to cut down expenses drastically. I have been able to save the company over $4 million,” he said.
The ECG MD made this known during a CSOs’ and media engagement with GRIDCo and ECG in Accra.
Giving explanation of what constitutes the savings, Mr. Agyeman-Budu said his administration cut down travelling expenses, vetting of staff claims, weekly stock keeping of meters and reduction in fuel consumption by parking of the company’s car after operational hours.
Mr. Agyeman-Budu also revealed that his outfit is working hard to deal with middlemen involved in meter acquisition as well as customers involved in power theft.
Source: www.energynewsafrica.com