Business News of Monday, 13 January 2020Source: classfmonline.comECG to fight power theft as it faults churchesElectricity Company of GhanaThe Electricity Company of Ghana (ECG) is targeting a 20% reduction in power lost to theft. What this means is that the power theft would go down to a low 5%, a situation that will help increase revenue and reduce the company’s debt. The study further revealed that consumers and staff of the power utilities and their accredited agents were the major actors in electricity theft. Firms and individuals who operate energy-intensive businesses using steel, paper, and chemicals were also found to be indulged in power theft. Churches, hospitals, police barracks, schools, and even some state agencies, were also among the list of consumers found to be stealing electricity.

Source: GhanaWeb January 13, 2020 15:22 UTC