The recent media reports claiming that the Electricity Company of Ghana (ECG) is on the brink of bankruptcy have been dismissed by the Public Utilities Regulatory Commission (PURC). In a statement released by the Commission, it was clarified that the reports inaccurately attributed the warning of ECG’s financial collapse to the Commission’s Executive Secretary, Dr Ishmael Ackah.
The PURC emphasized that it had not issued any such warning regarding ECG’s bankruptcy. The reports circulating in the media on September 18, suggesting that ECG was in financial crisis, were deemed incorrect and misrepresented by the Commission.
These misreported claims originated from several media outlets, which alleged that PURC had expressed concerns over ECG’s dire financial state. However, PURC explained that the concerns about ECG’s finances were first raised in a letter sent by ECG’s management to the presidency and the Minister of Energy.
In the letter, ECG’s management expressed serious concerns regarding their current financial situation and warned that ‘this situation if not addressed promptly could lead to severe financial instability and potential bankruptcy for ECG’.
It is important for the public to seek accurate information and not to rely on misleading reports. The Commission urged for responsible journalism and emphasized that the media publications wrongly created the impression that the Commission on its own originated the issue of bankruptcy without an initial appeal from ECG.
In conclusion, it is crucial for media outlets to verify information before publishing to avoid misrepresentation and inaccuracies. The PURC remains committed to ensuring accurate and reliable information is disseminated to the public regarding the energy sector in Ghana.
-source Adomonline | curated by Tetteh Belinda | Mydailyreports24
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