post

Breaking News, World News, Ghana News, Sports, Business, Innovation, Climate, Culture, Travel, Video

NSEM

President John Dramani Mahama has announced the potential privatization of the Electricity Company of Ghana (ECG) as part of a strategic initiative to improve the country’s power distribution network. 



Speaking during a meeting with a World Bank delegation on January 8, Mahama expressed that engaging the private sector could address longstanding operational and financial challenges within ECG.



The President pointed out that the move towards privatization aims to tackle issues such as inefficiencies, financial mismanagement, and inadequate service delivery that have plagued the company for years. 



Highlighting his previous experience with the Millennium Challenge Corporation (MCC) Compact, Mahama underscored the critical role of efficient energy distribution in achieving Ghana&#8217;s development objectives.



&#8220;We must ensure that the energy sector is sustainable and capable of meeting the increasing demands of our economy,&#8221; Mahama stated. 



He emphasized that any steps taken towards privatization would include comprehensive consultations with stakeholders to align public interests with the necessity for enhanced operational performance.



Mahama warned that without addressing the challenges at ECG, Ghana would continue to face significant issues within its entire power value chain.



 “If we don’t fix the Electricity Company of Ghana, we will continue to have a major problem with our whole power value chain,” he asserted.



The President expressed optimism about collaborating with the World Bank to leverage their expertise in the privatization process, aiming to bring in private sector efficiency to revitalize ECG.

BROWSE

Advertisement

ECG Needs Privatization To Improve Power Distribution- Mahama

Tags:

AUTHOR: Perpetual Tweneboah Koduah

About us

Explore

Resources

Discover

Connect