Privatisation of ECG long overdue – IES

Nana Amoasi VII, the Executive Director of the Institute for Energy Security (IES), has stated that the privatisation of the Electricity Company of Ghana (ECG) is long overdue.

In an Eyewitness News interview on Citi FM on Monday, the IES’s Executive Director revealed that a similar process initiated earlier was thwarted.

He also highlighted other issues in the power sector that need to be addressed.

However, Nana Amoasi VII stated that the private sector, with its access to the capital market and its competency and efficiency, could be a solution.

“Some of these losses will be factored into the tariffs that we pay and that means that we will be paying for somebody’s inefficiency, you and I to some extent

Where are we going to get this investment into ECG when we know that already the sector is debt-ridden?

“The private sector has access to the capital market, the private sector comes in with some form of competence and efficiency because they are more profit-oriented and driven and therefore, they will produce or put forward all the technology and innovation necessary to run efficiently and effectively the ECG.