
Kwame Sefa declares support for Andre Ayew for GFA Presidency
3 mins read
16th December 2023 10:26:56 AM
2 mins readBy: Chris Kodo

Staff of the Ghana Grid Company, GRIDCo are threatening the return of incessant power cuts, popularly known as dumsor, which plagued the country some years back.
This is due to the failure of the government to settle some arrears of industry players.
In a statement registering their displeasure over the situation, the aggrieved staff noted that there will be a return of 'dumsor' this Christmas if the financial status of the company is not improved with immediate effect.
“The main cause of the poor cash flow situation is because the Cash Waterfall Mechanism which is used as the mode of payment to the industry players within the sector is not working and is suspected to have been discontinued,” they stated.
In the statement issued by the Senior Staff Association's National Chairman and addressed to the Minister of Energy, the Board Chairman, and the Chief Executive of GRIDCo, the staff are pointing accusing fingers at ECG for their refusal to pay, in full, for the services rendered to them by the company.
They explain that GRIDCo bills ECG - their major customer - over GH₵100 million per month, out of which only about 18% to 25% is paid, and in an irregular manner.
“The chunk of the revenue sits in our books without any plans to redeem same. This situation has made it difficult to pay suppliers, procure the requisite tools, materials and spares, all of which adversely affect the business,” they wrote.
According to the staff of GRIDCo, the ongoing challenges in the cash flow of the company have implications not only on their operations but also on the service delivery to customers and the general welfare of staff.
They are threatening a possible return to the days of intermittent power outages that characterised the country some years back.
“We the staff groups wish to caution that if the Cash Waterfall Mechanism is not restored immediately or other means of financial support provided for GRIDCo, we cannot guarantee smooth power supply, especially during this festive season and going forward."
3 mins read
4 mins read
7 mins read
9 mins read
4 mins read
6 mins read
3 mins read
2 mins read
1 min read