2026 Budget: ECG’s Monthly Revenue Jumps to GH¢1.7 Billion – A 90% Increase, Says Ato Forson
Finance Minister Dr. Cassiel Ato Baah Forson has announced a major turnaround in the financial performance of the Electricity Company of Ghana (ECG), revealing that the utility’s monthly revenue has surged from GH¢900 million to GH¢1.7 billion representing a 90% increase.
Presenting the 2026 Budget Statement in Parliament on Thursday, November 13, 2025, Dr. Forson attributed the revenue spike to stronger implementation of the Cash Waterfall Mechanism and wide-ranging reforms introduced in the energy sector.
According to the Minister, the current administration has pursued aggressive policy changes aimed at restoring financial discipline and improving operational efficiency across state institutions, with particular focus on the power sector.
“For the first time in many years, ECG’s monthly revenues have grown by almost 90 percent from GH¢900 million to GH¢1.7 billion,” he told lawmakers, describing the improvement as proof that government reforms are delivering measurable results.
Dr. Forson also disclosed that government has renegotiated several power purchase agreements with independent power producers, a move he said has saved the country over US$250 million and restructured GH¢1.1 billion in obligations over four years.
He noted that these interventions have contributed to stabilizing the energy sector, lowering operational costs, and ensuring a more reliable supply of electricity for households and businesses.
Reaffirming government’s broader economic goals, the Minister said the 2026 Budget is geared toward consolidating macroeconomic stability, boosting job creation, and sustaining national economic transformation.
“We are building a Ghana that produces more than it consumes—one where jobs are decent, incomes are rising, and opportunities are shared by all,” Dr. Forson emphasized.
