President John Mahama has assured Ghanaians that the Electricity Company of Ghana (ECG) will not be privatised, despite ongoing concerns about the state of the country's power sector.
Speaking at the May Day celebration at Black Star Square on Thursday, May 1, he addressed growing fears about the possible privatisation of ECG, stating clearly that his government has no intention of selling off the state-owned power distributor. "Let me assure you that it is not my intention to privatise ECG as an institution.
Our attention is more on a public-private collaboration to inject efficiency into our downstream electricity distribution system," the President said.
He explained that ECG is currently burdened with debt and inefficiencies, which threaten the stability of the entire power sector. "The ECG has been brought to its knees by a culture of poor governance over the last eight years, with a debt of GH¢68 billion and rising.
