Mahama eyes privatization of ECG to address distribution inefficiencies

President John Dramani Mahama has signalled the potential privatisation of the Electricity Company of Ghana (ECG) as part of efforts to tackle longstanding inefficiencies in the country's power distribution system.
Speaking during a meeting with a World Bank delegation at his private office in Accra on Wednesday, January 8, 2025, President Mahama expressed confidence that private sector involvement could help resolve critical challenges such as operational inefficiencies, financial mismanagement, and poor service delivery within ECG.
“If we don’t fix the Electricity Company of Ghana, we will continue to face major problems across the entire power value chain,” President Mahama said, underscoring the urgency of reforms.
He highlighted that privatising ECG’s distribution operations could introduce the efficiency required to modernise the energy sector and meet Ghana’s increasing energy demands.
Reflecting on Ghana's earlier engagement with the Millennium Challenge Corporation (MCC) Compact during his tenure as Vice President, Mahama emphasised the pivotal role of an efficient energy distribution system in driving national development goals.
The President reassured stakeholders that any decision to privatise ECG would be approached cautiously, with extensive consultations to balance public interest and the sector’s need for improved performance.
“We want to engage with the World Bank to leverage their expertise in implementing this initiative,” he stated.
Mahama further explained that privatisation would form part of a broader strategy to modernise Ghana’s energy infrastructure, ensuring sustainability, reliability, and enhanced service delivery for citizens and businesses.
Source: Classfmonline.com/Cecil Mensah
Trending Business
Ghana’s development hinges on political-business collaboration – Seidu Agongo
19:47Agongo urges business leaders to mentor 300 youngsters each for Ghana’s future
21:40Jospong Group partner with Austria to boost waste-to-energy and skills training
16:49Bank loans: 35% interest rate senseless – Agongo says Heritage Bank would’ve charged 20% to force low rates
13:23‘Ofori-Atta promised to do his best to protect my bank but still collapsed it’ – Agongo
10:53‘Vindictive,’ ‘backward-minded’ Akufo-Addo gov’t didn’t think the name ‘Agongo’ deserved owning a bank or prospering
10:31PMMC transforms into GoldBod following passage of GoldBod Bill
16:30Remittances, gold prog. anchor cedi against dollar – BoG
05:13Ghana’s trade surplus meets IMF reserves expectation with US$6.9bn for 3 months
05:09BoG: Gold crosses $3,000/ounce price, oil jumps 2.4%, cocoa tumbles 8.5%
05:07