Call to privatise ECG: PDS situation must not be repeated - IES

The Institute for Energy Security (IES) has backed the call of the Asantehene, Otumfuo Osei Tutu II for the government to diversify the Electricity Company of Ghana (ECG), Volta River Authority (VRA), and the Ghana Grid Company (GRIDCo).

According to the Executive Director, Nana Amoasi VII the Asantehene’s call is in the right direction and long overdue.

“The eminent king didn’t ask that we bring in foreign investors so this means the privatisation can bring together local people with expertise and can invest to boost the institutions.

The Asantehene on Wednesday highlighted the need for the privatisation of the power distribution companies to ensure essential financial investments.

In an interview on Adom FM’s morning show, Dwaso Nsem Monday, Nana Amoasi VII stated the government should see Asantehene’s call as an opportunity for extensive dialogue

“We must be clear and careful on what we want to do thus whether it will be full privatisation or a PPA so we don’t repeat the PDS situation

So Otumfuo’s call has opened the gateway for extensive conversation,” he added