Appearing before the Public Accounts Committee of Parliament on Tuesday, October 28, 2025, Acting Managing Director Julius Kpekpena said ECG has engaged a legal consultant to assess all key agreements to ensure they meet the standards required under the law.

Introducing the review process, he disclosed that Hubtel’s contract is among those being scrutinised.

“In fact, we just engaged a lawyer to help us review all our contracts, our major contracts, and the Hubtel contract is one of them, so that we can align all our contracts to applicable law.”

He further explained that the PFM Act mandates ECG to collect and settle all revenues at gross value — meaning no deductions are to be made before funds are transferred to the company.

“The PFM act requires that we collect the money at Gross and that Hubtel settle us at Gross.”

Providing more clarity on how this arrangement works, Mr. Kpekpena detailed the process by which Hubtel handles ECG’s digital payments.

“For Hubtel to settle us at Gross, they will need to pay mobile money. The Momo fee that MTN or Telecel will collect. Those who pay with a Visa card will need to pay those people on our behalf and then give us an invoice. Then we pay them before they go and pay the mobile money companies and the card providers.”

He added that this structure may result in ECG bearing additional costs under the gross settlement model.

The development comes a month after ECG reduced Hubtel’s commission from 3 percent to 1.65 percent as part of broader efficiency measures.

Hubtel, a leading Ghanaian fintech company, manages ECG’s digital payment system — processing transactions across mobile money, card payments, and other online platforms. The partnership remains central to ECG’s digitisation drive and the government’s push toward cashless and transparent public payments.