Business News Mon, 5 Sep 2016

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Gov’t asked to tread cautiously in the ECG concession

The dean of the Graduate School at the Ghana Technology University College, Dr Francis Boateng Agyenim, has warned government to be careful with the concessionaire to be selected for the management of the Electricity Cooperation.

He said government should be guided by the Ghana Water Company experience where Aqua Vitens Rand Ltd was brought in under a management contract, but it eventually failed to perform satisfactorily.

“So the government should be very, very careful in bringing in investors who are only going to end up possibly, charging us more and delivering very, very little and using the same facilities as we have,” Dr Agyenim said on 3FM’s Sunrise Monday. Workers of the ECG who are a part of the Public Utility Workers Union hace opposed the concession that will see ECG’s management being leased to a private entity for the next 30 years.

The workers have in recent weeks embarked on a series of demonstrations and strike across the country to push government to back down on the concession plan, which they say will result in laying off of staff. Currently, the workers are on a two-day sit down strike, which started Friday.

They are expected to meet Monday to decide the next line of action. Speaking to 3FM, Dr Agyenim said the issue should not be whether to privatise but rather, whether Ghana has put in the right measures in order get the right organisation to do a proper job.

He said one successful concession in the country that the government could take a cue from was the Ghana Telecom one that brought in Vodafone

Source: 3 News

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