Business
ECG Disconnects Cape Coast Sports Stadium Over GH¢513,000 Debt
The Electricity Company of Ghana (ECG) has cut the power supply to the Cape Coast Sports Stadium over legacy debts of GH¢513,000.
The move forms part of the company’s nationwide action to reduce debts owed to ensure it stays in business.
Since Monday, March 20, it had embarked on an aggressive revenue mobilisation drive as part of efforts to reduce its debt situation, which was affecting operations.
ECG disconnects Cape Coast Sports Stadium over GH¢513k legacy debt
This is targeted at every customer owing the ECG and not only state-owned enterprises.
In an interview on Tuesday, Alexander Tieku, the Regional Sports Director, said the disconnection would greatly affect its activities as a monumental state asset.
He explained that the debt inherited many years ago was being settled on arranged negotiations with the ECG when the facility was first disconnected sometime last year, and some payments were made.
Management had also engaged officials of the ECG to install pre-paid meters to direct a chunk of the bills to the various business units at the stadium, which had been carried out with 20 more to be done for smooth operations.
ECG disconnects Cape Coast Sports Stadium over GH¢513k legacy debt
Businesses at the stadium include hostels, restaurants, offices, clinics, and gyms, which were connected to only one post-paid meter, leading to the compilation of huge debts.
Mr Tieku described the situation as ‘unfortunate’ and ‘surprising’ due to the agreement reached by both parties.
So far, the Cape Coast new stadium is the only state-owned organisation affected by the disconnection exercise in the region.
The Electricity Company of Ghana (ECG) has cut the power supply to the Cape Coast Sports Stadium over legacy debts of GH¢513,000.
The move forms part of the company’s nationwide action to reduce debts owed to ensure it stays in business.
Since Monday, March 20, it had embarked on an aggressive revenue mobilisation drive as part of efforts to reduce its debt situation, which was affecting operations.
ECG disconnects Cape Coast Sports Stadium over GH¢513k legacy debt
This is targeted at every customer owing the ECG and not only state-owned enterprises.
In an interview on Tuesday, Alexander Tieku, the Regional Sports Director, said the disconnection would greatly affect its activities as a monumental state asset.
He explained that the debt inherited many years ago was being settled on arranged negotiations with the ECG when the facility was first disconnected sometime last year, and some payments were made.
Management had also engaged officials of the ECG to install pre-paid meters to direct a chunk of the bills to the various business units at the stadium, which had been carried out with 20 more to be done for smooth operations.
ECG disconnects Cape Coast Sports Stadium over GH¢513k legacy debt
Businesses at the stadium include hostels, restaurants, offices, clinics, and gyms, which were connected to only one post-paid meter, leading to the compilation of huge debts.
Mr Tieku described the situation as ‘unfortunate’ and ‘surprising’ due to the agreement reached by both parties.
So far, the Cape Coast new stadium is the only state-owned organisation affected by the disconnection exercise in the region.