ACEP supports ECG privatisation

He explained that the lack of effective collection of revenue, and failure to address leakages have rendered the company less liquid to run its operations.

“The bottom line is that there isn’t enough generation, and this arises because ECG’s collection is abused and not transparently utilized,” he said on Joy News.

 He pointed out that inviting the private sector, will not only revamp the operations of the ECG, but will also make the company accountable.

“The way to deal with it is to get the private sector in there, and that is the only way to make the Public Utilities and Regulatory Commission relevant.”

Boakye said bringing on the private sector will help set targets to improve the financial position of the company.

“ECG is not collecting enough revenue, ECG’s collection is abused therefore we do not get enough money to buy fuel

“The strengthening of the governance structure of ECG and the sector as a whole including representation on the board of ECG, public ownership, regulatory oversight, and community engagement for responsible consumption to achieve sustainable electricity provision.”