The Minister for Energy and Green Transition, John Jinapor, has dismissed claims that the government plans to sell the Electricity Company of Ghana (ECG).
Speaking at the inauguration of a seven-member technical committee, Mr. Jinapor stressed that the government aims to involve the private sector in ECG’s management, not sell the state-owned company.
“Our focus is to engage the private sector while ensuring significant local participation. This is about improving efficiency and service delivery, not divestiture,” he stated.
The committee has been tasked with drafting a transparent and inclusive privatization plan to reform ECG.
Mr. Jinapor underscored the need for stakeholder consultation, including workers, unions, and consumers, adding that the committee is expected to complete its work within a month.
He warned of the dire state of the energy sector, stating, “The sector is bleeding, and without urgent intervention, it risks collapsing. We want a competitive, transparent process to turn things around responsibly.”
President John Dramani Mahama also hinted at the possibility of partial privatization of ECG during a January 8, 2025, meeting with a World Bank delegation.
He noted that private sector involvement could help address inefficiencies, financial mismanagement, and inadequate service delivery in Ghana’s power distribution system.
The move forms part of broader efforts to modernize and improve the performance of the energy sector.