ECG inefficiencies could send Ghana back to IMF – Prof Bokpin

Reforms needed to prevent another IMF intervention Prof Bokpin said the government must use the current reform process to address the structural problems within ECG and other state-owned enterprises rather than repeatedly providing financial support to cover their inefficiencies.

Economist and Professor of Finance has warned that persistent inefficiencies in the Electricity Company of Ghana (ECG) and other state-owned enterprises could push Ghana back to the International Monetary Fund (IMF) for another financial intervention.

Prof Bokpin said the energy sector continues to place significant pressure on Ghana’s fiscal space because government has to make additional allocations to cover sector shortfalls.