Business News of Sunday, 17 May 2026

Source: www.ghanaweb.com

Private sector participation in ECG to begin by early 2027 - Finance Ministry

Dr Theo Acheampong is a technical advisor at the Ministry of Finance Dr Theo Acheampong is a technical advisor at the Ministry of Finance

A technical advisor at the Ministry of Finance has disclosed that the government's planned private-sector participation in the Electricity Company of Ghana is expected to commence in early 2027.

This comes as authorities push ahead with sweeping reforms in the country's energy sector.

Dr Theo Acheampong disclosed this on Joy FM on Saturday, May 16, 2026, explaining that the initiative was being jointly driven by the Government of Ghana and the International Monetary Fund as part of efforts to tackle persistent commercial and technical losses within ECG and to improve the efficiency of electricity distribution nationwide.

"The private sector participation under ECG will happen. End of year going into early next year," he stated.

Dr Acheampong explained that the arrangement would not amount to an outright sale or full privatisation of the state electricity distributor.

He stressed that it would instead be implemented through public-private partnerships and concession models specifically designed to improve operational performance while keeping ECG in public hands.

The disclosure comes as ECG continues to grapple with significant internal financial pressures.

Former ECG Managing Director Samuel Dubik Mahama shed light on one of the structural challenges facing the company, noting that under the current cash waterfall system, only a portion of ECG's collected revenue is retained.

Significant deductions are made to cover salaries, fuel, healthcare obligations and maintenance expenses before funds reach operational budgets.

ID/SEA