1 entry
IMF Warns ECG's GH¢71 Billion Liabilities Pose Systemic Risk to Ghana's Energy Sector
The IMF has flagged that the Electricity Company of Ghana carries GH¢71 billion in liabilities, a significant portion of which is forex-denominated, creating systemic risk for Ghana's energy sector and broader investment climate. Ten state-owned enterprises collectively recorded a net loss of GH¢8.8 billion in 2024, with IMF reform efforts described as yet to translate into improved financial performance. The IMF has separately identified political appointments as a major governance weakness across Ghana's key SOEs.
4 sources
- IMF expresses worry over continued build-up of SOEs liabilities; ECG accounts for GH¢71bn of liabilities · myjoyonline.com · T3
- Government reform efforts yet to translate into improved SOEs financial performance – IMF · myjoyonline.com · T3
- 10 SOEs recorded net loss of GH¢8.8bn in 2024 – IMF · myjoyonline.com · T3
- IMF identifies political appointments as major weakness in GPHA, VRA, COCOBOD and other SOEs · myjoyonline.com · T3