N/R: NEDCo loses ¢3.7m to illegal power connections, recovers ¢1.5m

The Northern Electricity Distribution Company (NEDCo) has reported significant financial losses due to illegal power connections in the Northern region.
The losses have amounted to GHS3.7 million.
This revelation was made by NEDCo’s Managing Director, Osman Ayuba, during his appearance before the Public Accounts Committee of Parliament on Monday, 12 August 2024.
Mr. Ayuba highlighted the ongoing challenge of illegal power connections and outlined NEDCo’s efforts to combat the issue.
“In the northern area alone, we have had about 627 summons that have been issued to these illegal connectors, and in the northern area alone, the number was 473.
“Those who were served in the northern area were 103 and NEDCo-wide, it was 173, so you can see that it is tilting towards the northern area,” he explained.
The total estimated loss of power across NEDCo’s operational areas is GHS4.1 million, with the Northern region accounting for a substantial portion of this figure.
Mr. Ayuba emphasised that illegal connections in the Northern region alone led to a loss of GH¢3.7 million.
Despite these challenges, NEDCo has managed to recover a portion of the lost revenue.
“Following the issuance of summons to offenders, NEDCo has recovered GHS1.5 million," Mr. Ayuba disclosed to the committee.
Source: classfmonline.com
Trending Business
President Mahama: Nkoko Nketenkete project to launch in Oct
19:01V/R: AGI marks 30 years with bold vision for 24-hour economy
13:48NEIP, MoFA partner to support agric entrepreneurs under 'Adwumawura' programme
16:41Ga East Assembly holds departmental budget hearing for 2026 fiscal year
10:15Chief of Staff reaffirms gov't’s commitment to 24-hour economy at BoG workshop
03:29SIC-FSL MD cuts his own and staff salaries by 20% to salvage the company
16:11Engineers & Planners completes acquisition of Azumah Resources Ghana and Upwest Resources
12:35Commercial Transport Operators issue ultimatum over high spare parts prices
09:01Mahama outlines measures to find real value of Cedi and boost economic confidence
04:40Mahama: Ghana’s economy experiencing price stability, inflation at four-year low
02:17