Ghana: ECG Narrows 2025 Net Loss To GH¢2.52 Billion As Revenue Rises

The Electricity Company of Ghana (ECG) reported a loss after tax of GH¢2.52 billion in 2025, an improvement from the GH¢8.25 billion loss recorded in 2024, according to the company’s latest financial results.

Despite remaining loss-making, ECG increased total revenue to GH¢22.1 billion in 2025 from GH¢19.6 billion a year earlier, reflecting higher electricity sales and improved revenue mobilisation, although the utility continues to face financial and operational challenges.

Managing Director Ing. Julius Kwame Kpekpena said ECG decoupled its e-payment platforms, eliminating duplicate charges and generating savings of about GH¢5.6 million per month.

He said the company also renegotiated its contract with Hubtel, reducing commission fees from 3% to 1.65%, resulting in monthly savings of about GH¢13.2 million.

Kpekpena said ECG terminated 202 underperforming supply contracts, preventing what he described as an unviable capital drain and generating savings of approximately $227.6 million.

“These actions demonstrate the Board and Management’s resolve to enforce fiscal discipline,” he said.

ECG’s total customer base rose to 5,851,762 in 2025 from 5,520,663 in 2024, representing growth of 5.92%, Kpekpena said.

The company delivered 222,979 new electricity connections during the year, up 31.3% from 169,814 in 2024. With 201,603 paid-up connection requests outstanding at year-end, ECG achieved a fulfilment rate of 97.31%.

The average time required to complete a new connection fell to 39.98 days in 2025 from 56.43 days in 2024, a 29.2% improvement that Kpekpena attributed to enhancements in customer service, including the refocusing of the Loss Reduction Programme.

Kpekpena said reducing system losses remained a key operational priority.

By the end of 2025, total system losses declined marginally to 26.88% from 27.05% in 2024. Technical losses stood at 9.16%, while commercial losses fell to 17.72% from 17.89%.

ECG’s workforce increased to 7,966 employees at the end of 2025 from 7,699 a year earlier. During the year, the company recruited 267 new employees, converted 497 contract staff to permanent employment and recognised 904 employees with long-service awards.

Kpekpena said ECG also concluded negotiations on a new Collective Bargaining Agreement, maintaining what he described as constructive labour relations.

Looking ahead to 2026, Kpekpena said ECG would focus on six strategic priorities. These include intensifying engagement with the Public Utilities Regulatory Commission (PURC) and the government on achieving full cost-recovery tariffs, building on improvements in tariff pass-throughs in 2025 and pursuing full implementation of the automatic tariff adjustment formula to reflect exchange rate and fuel cost movements.

He said the company would also prioritise the collection of National Street Lighting Tariff (NSLT) arrears, actively manage its debt position, continue capital investments to strengthen the network in high-loss areas and improve reliability to reduce power interruptions.

Other priorities include accelerating loss reduction efforts through the continued deployment of the Distribution Transformer and Boundary Metering (DTBM) programme to identify and eliminate transformer-zone losses, while investing further in staff development, workplace safety and digital platforms to strengthen the company’s operational capacity.