62 out of every 100 commercial meters inspected missing from Ghana Water database – MD
The Managing Director of Ghana Water Limited (GWL), Adam Mutawakilu, has disclosed that 62 out of every 100 commercial meters inspected by the company are not captured in its database.
As per the Managing Director of Ghana Water Limited, Adam Mutawakilu, there is a significant issue with the company's commercial meters database. Out of every 100 meters inspected, a staggering 62 are not listed in their records. This discrepancy points towards potential gaps in their records, which could be hampering revenue collection.
Mutawakilu revealed that the company is actively replacing meters as part of their strategy to enhance revenue collection and reduce reliance on government funding. Speaking before Parliament's Public Accounts Committee on October 13, he expressed concern over the discovery, stating that 62% of the estimated commercial meters are missing from their database.
Improving revenue collection is a top priority for the company. At present, they are generating less than half of the revenue they should be earning, and Mutawakilu emphasized their relentless efforts to improve this figure. He expressed optimism that their measures would help make Ghana Water financially self-sustaining by 2027, generating enough revenue to fund projects without relying on government support.
However, acknowledging their current financial constraints, Mutawakilu also mentioned that government assistance would be required to address legacy loans and bolster their balance sheet.
Mutawakilu stressed that the company's weak equity position is limiting its capacity to attract substantial investments, making government intervention essential alongside their efforts to enhance revenue collection.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
