President John Dramani Mahama has hinted at the possibility of privatizing the Electricity Company of Ghana (ECG) as part of efforts to tackle inefficiencies in the country’s power distribution system.
According to the President, involving the private sector in managing ECG could address persistent issues such as operational inefficiencies, financial mismanagement, and inadequate service delivery.
Speaking during a meeting with a delegation from the World Bank on Wednesday, January 8, 2025, at his private office in Accra, Mahama explained that privatization could be part of a larger plan to modernize and strengthen Ghana’s energy sector.
Drawing on Ghana’s participation in the Millennium Challenge Corporation (MCC) Compact during his tenure as Vice President, Mahama underscored the critical role of efficient energy distribution in achieving national development objectives. He assured that any privatization effort would focus on creating a sustainable energy sector capable of meeting the economy’s growing demands.
Mahama emphasized the importance of stakeholder engagement in determining ECG’s future, ensuring that decisions would balance public interest with the need for improved performance.
“If we don’t fix the Electricity Company of Ghana, we will continue to have a major problem with our whole power value chain. So, going ahead with privatising the last point of electricity distribution, bringing in private sector efficiency is something that we want to take up again. We want to speak with the World Bank to get the expertise to be able to do that,” he stated.
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