GH¢2 million debt owed ECG was inherited – Electrochem

The management of Electrochem Limited, a salt mining company owned by Dr Daniel McKorkely, has reacted to claims that it owes GH¢300,000 debt to the Electricity Company of Ghana (ECG).
This comes after an exercise carried out in the Ada District in the Greater Accra Region by the ECG Revenue Taskforce, discovered that the company owed power debt accrued over the years.
But the management of the company, interacting with journalists, explained that the debt situation was an inherited one after it took over the premises.
They added that the company had inherited a debt of about GH¢2 million over eight years from the previous occupants of the premises – a large chunck which they indicated has been paid by Electrochem.
“Although the situation is unfortunate, we have to put on record that when we took over Songor, the lights were off for about 8 years with over GH¢2 million power debt which was inherited.
"We have since paid a large sum of it and want to assure you that we are keen on settling all outstanding owed to the ECG,” the management explained.
Prior to the disconnection exercise, the ECG taskforce also cut the power supply of some three other privately-owned businesses in the Ada District.
They include Moonlight Fresco Limited, which is a banana-producing firm; and fish farming company, Frosell.
The other company, which was impacted by the exercise was Kemmat Hotel, which is said to have owed over GH¢200,000 in debt on its six power meters.
The ECG on March 20, 2023, embarked on a nationwide revenue mobilisation exercise.
Source: Classfmonline.com/cecil Mensah
Trending Business
GCAA grants Air Tanzania air operator certificate
12:03Goldbod does not purchase gold from illegal miners — Beatrice Annan clarifies
14:12Ghana Post charts new path for growth and digital transformation at staff durbar
14:59President Mahama woos Chinese investors
14:45Gov't to waive taxes on agro-processing machinery to boost agribusiness growth
12:19President Mahama announces pro-enterprise reforms to attract foreign investment
13:13Ghana, China to finalise zero-tariff trade agreement — President Mahama
11:07GIPC joins trade delegation at Burkina Faso forum
11:18Ghana, Burkina Faso deepen trade and investment ties at Ouagadougou forum
11:15Zambian delegation visits Tarkwa Goldfields to study Ghana’s mining best practices
01:52