Business News of Friday, 24 January 2025

Source: www.ghanaweb.com

John Jinapor to inaugurate technical committee for ECG privatisation plan

The newly appointed Minister of Energy and Green Transition, Dr. John Abdulai Jinapor is set to inaugurate a technical committee on Friday January 24, 2025 to develop a comprehensive plan for the privatisation of the Electricity Company of Ghana (ECG).

The committee, comprising energy experts and stakeholders, will be tasked with outlining strategies to transition ECG into private sector management while ensuring improved efficiency and service delivery.

The move forms part of John Mahama government’s broader efforts to address challenges in Ghana’s energy sector, including financial losses and inefficiencies in power distribution.

During his ministerial vetting, the Energy Minister emphasised the importance of transparency and stakeholder engagement throughout the privatisation process.

He specifically mentioned that the process must be conducted in the interests of both consumers and employees of the state-owned entity.

Meanwhile, the Public Utility Workers' Union (PUWU) of the Trade Union Congress (TUC) has reiterated its strong opposition to the privatisation or diversification of the Electricity Company of Ghana (ECG) in any form.

PUWU's opposition to ECG privatisation is rooted in concerns about the potential consequences of private control over the electricity sector.

Additionally, some workers from ECG have consistently opposed the privatisation process, submitting proposals to the government that demonstrate the value of maintaining public control.

The union's stance is also informed by its commitment to protecting the interests of its members and ensuring that the provision of essential services like electricity remains a public responsibility.







MA