Gov’t to consolidate cash waterfall revenue collection accounts [Video]

Finance Minister, Dr Mohammed Amin Adam says government has taken steps to establish a single account to streamline the collection and distribution of revenue under the cash waterfall mechanism. 

This development is to enhance transparency and accountability while ensuring that beneficiaries within the value chain receive what is due them – all aimed at improving revenue management 

Dr Amin Adam said this during a press briefing at the just-ended International Monetary Fund (IMF)/World Bank Group (WBG) Spring Meetings in Washington, US, monitored by the Ghana News Agency. 

He said government would, “establish a single collection account so that ECG [Electricity Company of Ghana] will not collect revenue through the many accounts that they operate. The move is to bring accountability and transparency to bear.”  

Data provided by ECG to the Public Utilities Regulatory Commission (PURC) – the utility sector regulator, shows that the electricity distributor is operating about 61 separate …