President John Dramani Mahama has ruled out any plans to privatise the Electricity Company of Ghana (ECG), pledging instead to pursue public-private partnerships to enhance its efficiency.

Speaking at the 2025 May Day parade at Black Star Square in Accra, the President addressed rising anxieties over the future of ECG, which has been weighed down by mounting debts and mismanagement in recent years. "The ECG has been brought to its knees by a culture of poor governance over the last eight years, resulting in a debt of 68 billion Ghana cedis and rising," he told workers. "If we do not take proactive measures, our power system will collapse.

We can only bring down tariffs if we improve the efficiency of the distribution of power." President Mahama was unequivocal in dispelling fears of a sell-off. "Let me assure you that it is not my intention to privatise ECG as an institution.

Our attention is more on public-private collaboration to inject efficiency into our downstream electricity distribution system," he said.