The Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, has categorically denied reports that the government plans to privatize the Electricity Company of Ghana (ECG).
Speaking during a visit to the West African Gas Pipeline Company Station in Tema on February 21, 2025, Hon. Jinapor emphasized that the government is instead seeking private sector participation to enhance ECG’s efficiency and financial sustainability.
Hon. Jinapor noted that the energy sector’s inefficiencies have resulted in significant financial strain, with resources meant for developmental projects being redirected to settle debts owed to energy suppliers like WAPCo and Nigeria (N-Gas).
He reassured that the government is committed to improving ECG’s performance through private sector involvement, aiming to reduce losses, increase revenue, and ensure efficiency.
The Minister’s statement comes amid concerns over the country’s energy sector liabilities, which have surpassed $3 billion, with ECG owing $370 million to Karpowership.
Source: https://energynewsafrica.com
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