The Electricity Company of Ghana (ECG) has recorded a significant improvement in revenue collection, with monthly earnings rising by nearly 90 percent under the Cash Waterfall Mechanism, Finance Minister Dr. Cassiel Ato Forson has revealed.
Presenting the 2026 Budget Statement and Economic Policy in Parliament on Thursday, November 13, Dr. Forson attributed the remarkable growth to reforms within the energy sector aimed at enhancing transparency, efficiency, and equitable distribution of revenue among power sector entities.
He explained that the Cash Waterfall Mechanism — designed to ensure fair and automatic allocation of funds collected by ECG to all players in the power value chain — has improved financial discipline and strengthened the sector’s liquidity position.
“The Electricity Company of Ghana’s revenues have risen almost 90% from GHC900 million to GHc1.7 billion per month, thanks to better enforcement of Cash Waterfall Mechanism,” he stated.
He added that the government remains focused on implementing complementary measures to address legacy debts, enhance revenue assurance, and sustain the gains achieved so far under the Mahama administration’s energy sector reforms.
The improved cash flow at ECG, according to Dr. Forson, will help the company meet its payment obligations to independent power producers and other service providers, thereby reducing the sector’s overall financial stress.
The Cash Waterfall Mechanism was implemented in April 2020 as part of the Energy Sector Recovery Programme (ESRP) to ensure fairness and transparency in distributing energy revenues among electricity distribution companies.
