Summary: In a bid to rein in public spending, Ghana’s Ministry of Energy has cancelled over 200 procurement contracts with the Electricity Company of Ghana, worth $227m, as well as contracts with additional sums in euros and pounds. The move, which comes amid a 47.3% increase in monthly revenue for the company, is intended to improve transparency and accountability in the power sector.
In a major policy shakeup aimed at restoring fiscal discipline, Ghana’s Ministry of Energy has terminated over 200 procurement contracts under the Electricity Company of Ghana (ECG) valued at more than $227 million, along with additional sums in euros and pounds.
Energy Minister John Jinapor disclosed that this action—part of a sweeping contract audit—seeks to curb wasteful spending, reduce state liabilities, and improve procurement transparency in the power sector.
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With ECG now reporting a 47.3% increase in monthly revenue following these cuts, the government is positioning this move as a crucial step toward accountability and utility sector reform.
Last Updated on April 12, 2026 by Samuel Kwame Boadu
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Samuel Kwame Boadu is a Ghanaian media entrepreneur and storyteller with a passion for amplifying urban voices and uncovering everyday truths. He is the Editor-in-Chief and Founder of Accra Street Journal, a dynamic digital platform dedicated to capturing the pulse of Ghana’s capital—its people, culture, challenges, business, sports and innovations.
