Privatisation of ECG is not the solution: A case for sustainable public ownership

Privatisation of ECG is not the solution: A case for sustainable public ownership

Public Service: Privatization often prioritizes profit maximization over public service.

Water Privatization in Ghana: Previous attempts to privatize water utilities in Ghana led to service deterioration, tariff hikes, and public backlash, ultimately resulting in re-municipalization.

Public-Private Partnerships (PPPs): Collaborative models that combine public ownership with private sector expertise can harness efficiency gains while safeguarding public interests.

Instead of pursuing privatization, Ghana should focus on strengthening the governance structure of ECG and the sector as a whole (an all inclusive representation on the board of ECG), public ownership, regulatory oversight, and community engagement for responsible consumption( as a patriotic duty to pay for energy used), to achieve sustainable electricity provision.

Recommendation to Maintain Public Ownership of ECG

I humbly recommend maintaining public ownership of the Electricity Company of Ghana (ECG) amidst calls for privatization.

By retaining public ownership, we ensure accountability, equitable access, and strategic governance control over a vital national asset.

Source: Citi Newsroom
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