The Board Chairman of the Electricity Company of Ghana (ECG), Alexander Afenyo-Markin, has rejected the recent demands for the board’s dissolution, calling them unwarranted and misguided.

The Africa Centre for Energy Policy (ACEP), which has been at the forefront of these calls, cites claims of mismanagement and growing financial losses within the company which has increased from GH¢295 million in 2017 to GH¢9.7 billion by 2022.

In response to these calls during the appointment of David Asamoah as the acting Managing Director, ECG Board Chairman Alexander Afenyo-Markin emphasized that what is necessary for the efficient operation of the company is stakeholder engagement, rather than board dismissal.

“I think that is a misplaced position. However, I accept the fact that we must place our shoulders to the wheel for reforms. I mean, from outside and coming in. I think that ECG can be very efficient if we subject ourselves to reforms. And reform would involve engaging all stakeholders internally and communicating these to the external stakeholders.

“So it is an all-inclusive matter and I don’t want this blame game approach that we are blaming the public and the public is also blaming us,” the board chair indicated.

News came in during the late hours of September 25, 2024 that the Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, resigned from his position.

The now former ECG boss is said to have resigned in a letter to the Board Chairman of the Electricity Company of Ghana, providing no official reason for the resignation.

There had not been any prior information to his resignation as people close to the matter have been tight-lipped about it.

This has come as a surprise to many as Mahama has only been in office for the past two years.