Menu

Government will not privatise ECG – President Mahama assures

Video Archive
Thu, 1 May 2025 Source: www.ghanaweb.com

President John Dramani Mahama has assured Ghanaians that his government will not privatise the Electricity Company of Ghana (ECG), reaffirming his commitment to strengthening the public sector while pursuing efficient reforms.

His comments come in response to growing public anxiety over the possible privatisation of the country’s main power distributor [ECG], amid fears of collapse due to heavy indebtedness and chronic mismanagement.

Speaking at the 2025 May Day celebration at Black Star Square, President Mahama outlined plans to improve power distribution through public-private partnerships, without relinquishing state control of ECG.

“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. If we do not take proactive measures, our power system will collapse. We can only bring down tariffs if we improve the efficiency of power distribution,” he said.

He firmly dispelled privatisation fears, saying: “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.”

The President’s remarks are expected to calm anxieties among labour unions, ECG staff, and energy sector stakeholders who have raised alarms over proposals to privatise the company.



SP/MA

Watch the latest edition of BizTech below:



Click here to follow the GhanaWeb Business WhatsApp channel

Source: www.ghanaweb.com
Related Articles: