The Ghana Grid Company LTD. (GRIDCo) has reported a strong financial and operational performance for 2025, while cautioning that rapidly growing electricity demand will require a more sustainable funding model for the transmission network.
The Company disclosed the results at its 13th Annual General Meeting (AGM), which brought together Government Representatives, the Board, Management, Regulators, Partner Utilities, Bulk Customers and other Stakeholders to review GRIDCo’s performance and strategic direction.
The Honourable Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, described GRIDCo as a critical part of Ghana’s electricity system. “All electricity generated in Ghana passes through the transmission network before reaching homes, businesses, industries and neighbouring countries,” he remarked. He said the reliability of GRIDCo’s network was essential to Ghana’s energy security, economic growth and regional electricity trade.
GRIDCo transmitted 25,860 GWh of electricity in 2025, the highest in its history and 9.15% more than the previous year. System peak demand also reached a record 4,283 MW. Chief Executive (CE), Ing. Frank A. Otchere said the figures reflected the growing pressure on the transmission network. “Ghana’s demand for electricity is rising rapidly,” he said, noting that virtually every additional unit generated must pass through the transmission system. But the CE also sounded a warning, “the financial model that supported the company’s performance in 2025 may not be enough to carry it into the next decade.” Further, he noted, “the more consequential question is whether the financial and investment model behind the network is strong enough to sustain the decade ahead.”
The Company recorded GH¢2.69 billion in revenue and GH¢584.46 million in profit after tax, an 89% increase over 2024.There was also increased electricity transmitted from 23,692 GWh to 25,860 GWh, while collections from the Electricity Company of Ghana (ECG) improved by about GH¢532 million.
However, the CE said the figures masked a major challenge. Related-party receivables had risen to GH¢6.69 billion, leaving GRIDCo with less cash to replace ageing equipment, expand the network and build greater resilience. “A transmission network cannot be renewed with revenue that is recognised but not received,” Ing. Otchere said.
The Representative from the Ministry of Finance also urged GRIDCo not to become complacent, saying stronger revenue collection, cash management and financial discipline would be essential to maintaining the gains made.
Chairlady, Kuukua Maurice Ankrah, said the Board had approved GRIDCo’s 2026–2030 Corporate Business Plan and 2026 Corporate Budget to guide the Company’s next phase of growth. She said the Board would focus on financial resilience, market expansion, operational excellence, digital intelligence, talent development and sustainability.
The Board also approved pre-investment activities for the Eastern Corridor Upgrade Project, while preparations continued for the Ghana Wholesale Electricity Market (GWEM), and participation in the West African Power Pool (WAPP) Regional Electricity Market.
GRIDCo’s cybersecurity performance was another highlight. The Company recorded 99.33% IT service availability, against a 95% target, and no successful breaches from about 8,000 attempted attacks.
The Company plans to advance the Kumasi–Anwomaso line reconstruction, transformer replacement at Afienya, Techiman and Anwomaso, the Eastern Corridor Transmission Line and the Ghana–Côte d’Ivoire interconnection. Work on the Akosombo Substation Control Room Restoration Project will also continue, alongside implementation of the GWEM.
For GRIDCo, the message from the AGM was clear: the grid is carrying more power than ever, but keeping pace with Ghana’s growth will require investment, financial discipline and a network built to withstand tomorrow’s demands.
Adopting the Annual Report, Mr. Samuel Obeng Ankomah, General Manager, Finance at the State Interests and Governance Authority (SIGA) in their remarks commended GRIDCo for a positive turnaround in its operational and financial performance, describing the report as a “clean report.”
The AGM came shortly after GRIDCo marked 18 years of operations, with Government and Stakeholders commending the Company’s contribution to Ghana’s power sector.
