The coalition against the proposed concession arrangement for Electricity Company of Ghana (ECG) has given government a five-day ultimatum to review to review the structure of the compact with the Millennium Challenge Corporation. 

Addressing a news conference in Accra Thursday, convener of the group, Richard Nyamah, accused the Millennium Development Authority (MiDA) of impersonating the Energy Commission and the Public Utilities Regulatory Commission (PURC).

Mr Nyamah said the coalition had intercepted documents prepared by MiDA and International Finance Corporation (IFC) on tariff adjustment an act that by law ought to be undertaken by PURC.

The coalition said it can't understand why government intends to hand out the management of ECG to an investor that will be injecting an estimated amount of $150 million over three years into the company.

This amount the group claims is far less than what ECG "as weak as it is" is currently investing in its distribution operations every year. 

The coalition also contends that government at a cabinet meeting held on February 11, decided to hand ECG to any company or individual worth $400 million, an amount the group says is less than a tenth of what ECG is worth.

The groups say if government fails to respond they intend to hold a stakeholders conference to solicit views of stakeholders on an alternate structure for a private sector participation, petition the U.S. government with evidence of fraud against MIDA and subsequently bring a court action against government for failing to act in the supreme interest of Ghana.

"But the court action will stem from what action government will take; if tomorrow government decides that they will renegotiate the whole compact, we may hold back and give government a position paper on how we think the sale of ECG should be structured," Mr Nyamah said. 

He said they are calling for a total ownership of the Company by Ghanaians adding "if at GHC10 or GHC100 per consumer we decide to put into ECG we will have more than we need to run it efficiently by ourselves and rake in more than the $1.3 billion they are currently giving us a year."