Michael Creg Afful, Executive Director and Editor of Energynewsafrica.com, has advised the government to adopt a multi-company approach in the proposed Private Sector Participation (PSP) in the Electricity Company of Ghana (ECG).
He cautioned against entrusting revenue collection to a single entity, arguing that such a move could pose efficiency and accountability risks.
In a detailed proposal, Afful outlined a strategy involving five companies selected through a tendering process based on their technical expertise and financial strength.
According to his plan, four of these companies should form two joint ventures (JVs), while the fifth company operates independently.
To enhance efficiency, he proposed dividing ECG’s operational areas into three zones:
- Group 1: Central, Ashanti, and Western Regions
- Group 2: Eastern and Volta Regions
- Group 3: Greater Accra (as a standalone zone due to its large population)
Under this arrangement, the two joint venture (JV) entities would each manage one of the first two groups, while a single company would oversee Greater Accra.
Afful also stressed the need for the government to establish Key Performance Indicators (KPIs) to measure the efficiency and effectiveness of the selected companies.
He recommended that performance reviews be conducted after six months, with a full assessment at the one-year mark. If any company fails to meet the set targets, their contract should be terminated.
His proposal comes amid ongoing discussions on ECG’s PSP model, aimed at improving revenue collection and operational efficiency.
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