Accra —
Debt owed to the power companies has grown, rising to $1.4bn at the end of June, more than doubling from $600m in July last year, according to the Chamber of Independent Power Producers, Distributors and Bulk Consumers. Its members may be forced to shut their operations, it said last month. State-owned Electricity Company of Ghana has suffered an estimated annual revenue loss of $580m due mainly to transmission leaks, illegal connections and unpaid bills. Plans to tackle the problem by introducing private investors under a US-funded aid programme failed to win approval. The company’s MD, Kwame Agyeman-Budu, did not respond to multiple calls and a text seeking comment.
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