A comprehensive journalistic investigation based on PricewaterhouseCoopers' January 2025 audit of the Electricity Company of Ghana, examining the financial management, operational challenges, and systemic issues within Ghana's primary power distributor. This audit report, covering October to December 2023, reveals unprecedented insights into ECG's operations, including: - GHS 1.14 billion in underdeclared revenues - GHS 136.74 million in undisclosed emergency fuel purchases - GHS 303.48 million in unexplained tax offsets - Operation of 84 bank accounts across 20 banks - GHS 47.50 million in unauthorized vendor commissions - Significant payment delays to Independent Power Producers
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A damning audit has revealed that Ghana's main electricity distributor spent GHS 136 million ($10.4 million) on emergency fuel purchases in just three months, spotlighting deep-rooted financial challenges facing the country's energy sector as a new administration takes power. The audit, conducted by
