Energy Minister to meet NEDCo staff today over demand for MD’s removal – Out Source

The Minister of Energy, Dr. Matthew Opoku Prempeh, is scheduled to meet with the management of the Northern Electricity Development Company (NEDCo) today, Thursday, February 9, 2023, to focus on allegations of non-efficiency levelled in opposition to the Managing Director, Osmani Aludiba Ayuba, by the staff.

This comes after the corporate’s staff petitioned the Board, citing cases of ineptitude in opposition to the Managing Director.

Speaking to Citi News, Osmani Aludiba Ayuba, Managing Director (MD) of NEDCo, disclosed that the sector minister is scheduled to meet with the management today.

“It’s an internal issue the staff have raised. The Board is working to resolve the matter, and it has escalated to the Minister of Energy who is asking for today’s meeting”.

The staff in a petition introduced to the Board of Directors of the corporate, cited amongst different issues the “worse financial performance of NEDCo, lack of a clear strategy for the company, exorbitant sole source procurement of point-of-sale devices and worsening distribution losses,” to again their demand.

They added that the corporate has retrogressed since Mr. Ayuba took over because the managing director some three years in the past.

“The net financial loss of NEDCo instead of improving has deteriorated from GH¢315.398 million in 2018 to GH¢392.406 million as of September 2022. The estimated net loss for 2022 is over GH¢400 million. This means NEDCo’s performance deteriorated by at least 24% over the period,” the staff stated within the petition sighted by Citi News.

But the below-hearth Managing Director is combating again allegations of incompetence levelled in opposition to him.

Mr. Ayuba stated selections have been taken in the perfect curiosity of the corporate and known as on the staff to train restraint and permit the board to deal with all points raised.

“We are in control, and we know we have taken the best decisions to the best of our abilities supported by the board any untoward is happening,” Mr. Ayuba stated.

He added that “they [staff] are talking about the financial performance, Yes, we would like to make profits but in operational areas, we have serious challenges that do not allow us to really make the profits that we want to do.”

The staff of the NEDCo on Wednesday, February 8, partially withdrew their companies in any respect their operational areas efficient.

The industrial motion is due to the failure of the Board of Directors to meet their demand for the removal of the Managing Director.

Currently, all discipline companies have been suspended besides for emergency conditions and energy merchandising.