Electricity Company of Ghana cuts loss but skips dividend for 2025

The Electricity Company of Ghana (ECG) reported a 69.5% reduction in its annual loss for 2025, bringing the deficit down to GHS 2.52 billion after a revenue increase of 16.2% to GHS 22.11 billion. Managing Director Kwame Kpekpena attributed the improvement to higher revenue, cost‑reduction measures, renegotiated contracts and a foreign‑exchange gain of GHS 12.16 billion driven by a stronger cedi. He said, “We organised six revenue mobilisation exercises that achieved an all‑time high single collection of GHS 2.045 billion.”

Despite the turnaround, the board concluded that the company could not pay a dividend to the state shareholder. Board Chairman William Amuna told the AGM, “In view of the financial outcome for the year … the Directors do not recommend the payment of dividend.” The AGM, the first in over eight years, was attended by the Ministry of Finance, the State Interest Governance Authority and other sector regulators. The board reaffirmed a four‑channel strategy focused on debt reduction, full‑cost tariff recovery, loss reduction, improved collections and diversification of income streams.