The Energy Minister has rejected claims that government is selling the Electricity Company of Ghana (ECG), saying Cabinet has instead chosen a concession model to bring in private sector efficiency without giving up state ownership. "We are not selling ECG, and let me put this on record," John Abdulai Jinapor said on PM Express on Joy News on Wednesday, April 30. "So that decision has now been made.
We are not selling ECG, far from that.
So ignore the misinformation." He explained that Cabinet has settled on a model that introduces private sector participation without handing over the company itself. "Cabinet has taken a definitive position that will require some level of private sector participation, but not to sell the company outright," he stressed.
Under the new structure, ECG will act as a holding company and divide its operations geographically. "ECG will divide its operational areas into four, maybe three," the Minister said. "Roland company, for instance, will take one; yours is to manage that sector or that geographical area." John Jinapor broke it down further. "At the end of the month, we check how much power came to you, just hypothetically, maybe 20 megawatts," he explained. "We check the gigawatt hours that you consumed, and we say that this is the price-pay ECG.
