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Business News Thu, 15 Mar 2018

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ECG has not been sold - Managing Director

The Electricity Company of Ghana (ECG) has urged Ghanaians to disregard reports that the firm has been sold to a private company.

Managing Director of ECG, Ing Samuel Boakye-Appiah, who made the remarks, also stated that the power company would continue to serve the people effectively, as it has done for the past 50 years.

According to him, government has decided to allow private companies to invest in the power company.

He explained that the concessionaire would invest, operate and manage ECG’s assets.

According to him, ECG would still monitor the activities of the concessionaire with regards to how the assets are utilized.

“ECG will remain a bulk trader in the energy sector,” he told a section of journalists in Kumasi on Sunday afternoon.

He said the ECG would sell power to the concessionaire, which would retail the power to customers.

“So the concessioner would take care of the operations and customer care service duties.”

He disclosed this when board members, management members and some selected staff of the ECG from across Ghana visited the St George’s Church in Kumasi to give thanks to God for helping ECG over the past 50 years.

Ing Boakye-Appiah also disclosed that the process for the selection of a suitable concessionaire was ongoing, adding that the concessionaire would engage in meter reading and billing, among others.

He also debunked rumours that the concessioner’s policy would lead to the dismissal of all ECG staff members, assuring that all ECG staff would remain at post so nobody should fear.

“Under the arrangements which have been documented, there will be no involuntary redundancy due to the concessionaire policy,” he said, adding that “some ECG workers who would be transferred to the concessionaire would enjoy the same working conditions.”

Source: dailyguideafrica.com

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