adverts
The Minister for Energy, John Jinapor, has dismissed speculation that the government plans to sell the Electricity Company of Ghana (ECG), calling such claims baseless and misleading.
During a working visit to the West African Gas Pipeline Company Station in Tema, Jinapor clarified that while ECG will not be sold, the government is seeking private sector involvement to enhance operational efficiency and financial stability.
“ECG is not for sale. What we want is private sector participation to improve efficiency, reduce losses, and boost revenue collection so we can pay critical energy sector debts,” he emphasized.
adverts
Jinapor also expressed concerns over financial inefficiencies, revealing that funds meant for roads, hospitals, and infrastructure are being diverted to settle debts owed to key energy suppliers like N-Gas and WAPCo.
“The Minister of Finance should not have to take taxpayer money meant for development to pay WAPCo. But now, we are forced to squeeze funds to settle a $75 million debt to N-Gas,” he lamented.
As Ghana grapples with energy sector challenges, the government insists that private sector engagement is the way forward, but ECG will remain a state-owned entity.
With frequent power outages, rising debts, and operational inefficiencies, many question whether partial privatisation is truly the solution—or just another short-term fix in a long history of energy sector struggles.
Click the link Puretvonline.com | WhatsApp Channel to join the WhatsApp channel
GOT A STORY?
Contact/WhatsApp: +233243201960 or Email: manuelnkansah33@gmail.com
