President John Dramani Mahama has met with Independent Power Producers (IPPs) to address longstanding challenges in Ghana's energy sector, particularly the financial sustainability of the Electricity Company of Ghana (ECG) and the overall power distribution framework.
The meeting, held at the President's office, marked the beginning of what the President described as a new chapter in Ghana's energy governance.
In his opening remarks, President Mahama underscored the critical need for reforms in the energy sector, highlighting issues of inefficiency, procurement irregularities, and revenue losses at the ECG.
He also revisited past efforts to introduce private sector participation in the distribution and billing of electricity, referencing the controversial Power Distribution Services (PDS) deal that was terminated under the previous administration. "If you made 40% commercial and technical losses and continue to think that you have a viable business," Mahama said, "something must give in that sector." The President emphasised the importance of private sector involvement in reducing the ECG's losses and improving revenue collection, suggesting that a well-structured and transparent partnership could yield better results than previous attempts.
