Samuel Dubik Mahama, the Managing Director of the Electricity Company of Ghana (ECG), has resigned. His resignation comes after two years in the role. Information from JoyNews suggests that Mr. Mahama stepped down for personal reasons.

This post was shared on the official page of Myjoyonline on Wednesday, 25 September 2024.

President Akufo-Addo appointed Mr. Mahama in May 2022 after the retirement of the former Managing Director, Kwame Agyeman-Budu.

In his resignation letter, Mr. Mahama expressed his appreciation to the President. "I also wish to express my sincerest gratitude to the President for the trust placed in me, which has been a significant aspect of my journey here," the letter, seen by Myjoyonline.com, read.

Mr. Mahama's time at ECG was marked by some tension between the company and the Public Utilities Regulatory Commission (PURC). The most recent issue involved a PURC report about the Cash Waterfall Mechanism (CWM), which warned of potential bankruptcy.

The PURC sent a letter to the President, the Energy and Finance Ministers, and other important groups. In the letter, the Commission's Executive Secretary, Dr. Ismael Ackah, pointed out the financial difficulties facing the ECG, the Volta River Authority (VRA), Ghana Grid Company (GRIDCo), and the Bui Power Authority. These problems have led to delays in salary payments and challenges in covering the company’s administrative costs.