The Electricity Company of Ghana (ECG) has achieved a remarkable near-90% surge in average monthly revenue, climbing from GH¢900 million in 2024 to GH¢1.7 billion in 2025, Finance Minister Dr. Cassiel Ato Forson revealed during the presentation of the 2026 Budget Statement in Parliament on Thursday.
Delivering the fiscal policy document to lawmakers, Dr. Forson highlighted the pivotal role of full compliance with the Cash Waterfall Mechanism (CWM) in driving this financial turnaround.
“Mr. Speaker, the results are already visible. The Electricity Company of Ghana (ECG) has seen its average monthly revenue rise from GH¢900 million in 2024 to GH¢1.7 billion in 2025, almost 90 percent increase, thanks to full compliance with the Cash Waterfall Mechanism (CWM). This is real progress toward a financially viable and transparent power sector that supports growth without burdening the taxpayer,” the Minister stated.
The CWM, a revenue distribution framework introduced to ensure transparency and efficiency in the energy sector, mandates that all collections from electricity sales are pooled and disbursed according to a pre-agreed priority order among power producers, transmitters, and distributors.
The mechanism has been credited with reducing revenue leakages, curbing underpayments to independent power producers (IPPs), and stabilizing cash flows across the value chain.
Dr. Forson’s disclosure comes amid ongoing efforts by the government to restructure the power sector, address legacy debts, and restore investor confidence.
The improved revenue performance is expected to reduce reliance on government subsidies and enhance ECG’s capacity to invest in infrastructure upgrades and loss reduction initiatives.
The 2026 Budget Statement, themed around economic consolidation and inclusive growth, outlined further measures to support the energy sector’s stability, including incentives for renewable energy adoption and grid modernization.