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A group calling itself United Voices for Change (UVC) has called on President Akufo Addo to dismiss the Chief Executive Officers of the Ghana Cocoa Board, Electricity Company of Ghana (ECG), Ghana Water Company, and the Ghana Airport Company for running the companies at a loss.
Addressing a press conference yesterday, the Convener of the group, Sylvestin Ronald Antwi said, the above-mentioned State-owned Enterprises have been recording substantial losses due to mismanagement and want the CEOs to be prosecuted after relieving them of their positions.
The Ghana Cocoa Board, he said, made losses of GHS161.3 million, GHS78.22 million, GHS320.57 million, GHS426.32 million, and GHS2.44 billion in 2017; 2018; 2019; 2020; and 2021 respectively, despite making GHS329.3 million profit in 2014, and GHS152.15 million in 2015.
Mr Antwi said the Ghana Water Company also registered losses of GHS692.2 million in 2017, GHS667.9 million in 2018, GHS2.6 billion in 2019, and GHS939 million in 2020, despite making a profit of GHS101.14 million in 2016.
The ECG, he said, experienced a decline in performance as it reported a loss of GHS1.914 billion in 2021, having made a profit of GHS181 million in the previous years, and in 2019 and 2018, it made losses of GHS1.47 billion and GHS2.27 billion respectively.
Mr Antwi said the Ghana Airport Company is another culprit which has also consistently made losses since 2019 where GHS231.34 million was made in 2019, GHS434.77 million in 2020, and GHS252 million in 2021.
With the above-mentioned losses, he noted that the CEOs have presided over financial decline and recklessness as well as failed in their mandate of ensuring profitability and revenue generation of the state.
Mr Antwi, therefore, called on President Akufo Addo to dismiss the CEOs while urging the Attorney General to prosecute them for the financial losses.
Source: Ayisah Foster
