State power generator, Volta River Authority is looking at the option of listing on the stock market soon. The authority which is nearly a billion dollars worth is looking at selling off between 20 and 30 percent to raise about 300 million dollars for its long term operations. The move must however be approved by the government which wholly owns VRA. Chief Executive, Kweku Awortwi explains to Joy Business the move is necessary because “VRA has not had sufficient funds to do medium to long-term investment” – something which is absolutely necessary. He said the government has been responsible for every investment in the authority but that is not sustainable. “…in a more competitive environment where other private sector players are going to play, for VRA to be competitive, one has to behave more like a private sector competitor rather than a state-owned monopoly,” he argued. Mr. Awotwi added that the company is prepared for the strict obligations that come with going onto the stock market. If VRA succeeds, it will join other state institutions like Ghana Commercial Bank, Cocoa Processing Company, Ghana Oil which have been privatized in similar fashion. Source: Joy News/Ghana