The Electricity Company of Ghana (ECG) has disbursed GH¢1,318,670,618.83 for May 2025 under the newly introduced Cash Waterfall Mechanism (CWM), a revenue distribution framework aimed at ensuring transparent and equitable payments across the country’s power sector.
The Public Utilities Regulatory Commission (PURC) validated the disbursements, confirming that all allocations adhered to the Cabinet-approved framework, which took effect on May 20, 2025.
The mechanism is designed to address liquidity challenges in the sector by guaranteeing consistent payments to power producers, fuel suppliers, transmission operators, and regulators.
Level A disbursements accounted for GH¢554.94 million, largely directed to Independent Power Producers (IPPs) and fuel accounts.
Cenpower received the highest allocation, GH¢105 million, while the West African Gas Pipeline Company (WAPCo) was granted GH¢29.94 million. Other beneficiaries included Karpower, Asogli, and the Fuel Account.
Statutory deductions totaled GH¢95.47 million, with a further GH¢150 million set aside for transformer costs. The remaining GH¢518.26 million, categorized as Level B funding, was distributed among key industry stakeholders. These included Bui Power Authority (GH¢88.43 million), Volta River Authority (GH¢60 million), Ghana Grid Company (GH¢51.42 million), and Ghana Gas (GH¢43.76 million).
ECG retained GH¢235.48 million to support its operational activities, while GH¢34.79 million was allocated to regulatory levies.
PURC stated that the successful implementation of the CWM represents a major step toward stabilizing Ghana’s electricity supply chain by improving financial transparency and ensuring timely payments across all levels of the energy value chain.
The framework is expected to reduce recurring liquidity crises within the sector, safeguarding the operations of power producers and service providers while enhancing the reliability of electricity supply for consumers nationwide.
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