We Won’t Privatise ECG- Mahama
President John Dramani Mahama has ruled out the option of privatizing the Electricity Company of Ghana (ECG) to make it viable.
According to him, the option available on the table is public-private collaboration.
“Let me assure you that it is not my intention to privatise ECG as an institution. Our attention is more on public-private collaboration to inject efficiency into our downstream electricity distribution system,” the President said at the May Day Celebration on May 1, 2025.
The ECG has been ineffective in revenue mobilization, recording constant losses.
According to the Auditor General’s report, the state power distributors recorded a loss of GHS1.9 billion in 2021.
Two months ago, Finance Minister Cassiel Ato Forson revealed the ECG collects just 1.3 billion cedis with a gaping shortfall of 1.2 billion cedis every month.
Currently, the debt level of the company stands at GH¢68 billion, the President revealed.
He sees the need for urgent steps to salvage the situation.
“The ECG has been brought to its knees by a culture of poor governance over the last eight years, with a debt of GH¢68 billion and rising. If we do not do something drastic, our whole power sector will collapse. We can only bring down power tariffs if we improve efficiency in the distribution of power.”
Source: opemsuo.com/Hajara Fuseini
