The government has dismissed reports that it plans to privatize the Electricity Company of Ghana (ECG). According to Energy Minister John Abdulai Jinapor, the government is instead seeking private sector participation (PSP) to improve ECG’s efficiency and financial sustainability.
Speaking during a visit to the West African Gas Pipeline Company Station in Tema, Jinapor emphasized that ECG will not be sold. “We want private sector participation to bring about a high level of efficiency, reduce losses, and increase revenue,” he explained.
The minister noted that the energy sector’s inefficiencies have caused financial strain, with resources meant for other projects being redirected to settle debts owed to energy suppliers like WAPCo and N-Gas. By involving the private sector, the government aims to improve ECG’s performance, reduce financial losses, and increase revenue.
Jinapor’s clarification comes amid concerns about the government’s plans for ECG. However, with private sector participation, the government hopes to transform ECG into a more efficient and financially sustainable entity.
Ruth Abla ADJORLOLO
