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The Minister of Finance, Dr. Cassiel Ato Baah Forson, has announced a significant improvement in the financial performance of the Electricity Company of Ghana (ECG), revealing that the company’s monthly revenue has increased by 90 percent from GH¢900 million to GH¢1.7 billion.
Speaking during the presentation of the 2026 Budget Statement in Parliament on Thursday November 13, 2025, Dr. Ato Forson said the remarkable growth in ECG’s revenue is the result of better enforcement of the Cash Waterfall Mechanism and ongoing reforms in the energy sector.
He explained that since the current administration assumed office, the government has implemented major policy measures aimed at restoring financial discipline and efficiency in state institutions, particularly within the energy sector.
According to him, the improvement in ECG’s revenue demonstrates that government reforms are yielding tangible results and that fiscal discipline, transparency, and accountability are beginning to pay off.
He stated that for the first time in many years, the Electricity Company of Ghana’s revenues have risen by almost 90 percent per month from GH¢900 million to GH¢1.7 billion,” Dr. Forson stated.
He also highlighted that the government has successfully renegotiated power purchase agreements with independent power producers, saving the country over 250 million U.S. dollars and restructuring 1.1 billion Ghana cedis over a four-year period.
Dr. Forson added that these efforts have helped to stabilize the energy sector, reduce costs, and ensure reliable power supply to industries and households.
The Finance Minister reiterated government’s commitment to building a strong and self-sustaining economy driven by discipline, growth, and shared prosperity.
“We are building a Ghana that produces more than it consumes, a Ghana where jobs are decent, incomes are rising, and opportunities are shared by all,” he emphasized.
He assured Parliament that the 2026 Budget is focused on consolidating macroeconomic stability, accelerating job creation, and sustaining Ghana’s economic transformation.
