Industry players discussing structural and policy reforms have proposed drastic changes to the Electricity Company of Ghana (ECG) and the Ghana Cocoa Board (COCOBOD) to maximise profits and curb losses.
The Country Managing Partner of Deloitte Ghana, Daniel Kwadwo Owusu, stated that these two key sectors of the economy are burdened with huge debts that affect their performance.
According to him, every consumer should be provided with a prepaid meter instead of a postpaid one.
He emphasised that, to ensure efficiency, these meters should be distributed free of charge.
Speaking to GhanaWeb Business’ Stella Dziedzorm Sogli on the sidelines of the National Economic Dialogue, he said, “Everybody should have prepaid meters, why not? Why should we spend so much money chasing after people to pay bills when we could simply give them prepaid meters?”
He further explained that one of the key recommendations is to make the meters free, as many people resort to illegal connections due to difficulties in securing them.
“Give them the meters for free, and in their first two or three years of usage, deduct the cost of the meters from their consumption,” he suggested.
Owusu also advocated granting amnesty to individuals who have engaged in illegal connections, allowing for the issuance of new meters to facilitate tracking and monetisation.
Regarding his expectations for the 2025 budget, he expressed anticipation of bold decisions from the government, as this will be its first budget after coming to power.
The National Economic Dialogue brought together the government and other stakeholders to deliberate on economic challenges and discuss relevant solutions.
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