Audio By Carbonatix
The Ministry of Energy and Green Transition has clarified that the ongoing process to select a Transactional Advisor for Private Sector Participation (PSP) in the Electricity Company of Ghana (ECG) does not amount to the sale of the state-owned power distributor.
The clarification follows a press release and protest actions by the Public Utilities Workers’ Union (PUWU) over concerns surrounding the reform initiative.
In a press statement signed by the Ministry’s Spokesperson and Head of Communication, Richmond Rockson, Esq., the Ministry explained that Cabinet, under the leadership of President John Dramani Mahama, approved PSP in ECG in April 2025 as part of a broader reform agenda.
According to the Ministry, the objective is to improve billing and revenue collection, enhance service delivery, and reduce aggregate technical and commercial losses within the company.
“While there has been significant improvement in ECG’s overall performance since January 2025, critical challenges still persist,” the Ministry noted, warning that these challenges could threaten the company’s financial sustainability and the stability of the power sector if left unresolved.
The statement stressed that government intervention is aimed at strengthening ECG, not weakening it.
The Ministry was emphatic that government has no intention of selling ECG.
“The approved Private Sector Participation framework is not a sale or divestiture,” the statement said, adding that the approach involves “the strategic deployment of private sector expertise through multiple concession arrangements to support and improve specific operational areas of ECG.”
It further assured workers of continued engagement, noting that the Ministry, under the leadership of the Minister for Energy and Green Transition, Dr John Abdulai Jinapor (MP), has maintained open and constructive dialogue with PUWU.
Calling for calm and restraint, the Ministry said the selection of a transaction advisor is merely a technical and procedural step, reiterating government’s commitment to protecting workers’ interests and ensuring a reliable, efficient, and sustainable power sector for all Ghanaians.
Latest Stories
-
Without discipline, Ghana risks a return to IMF – CPS Director warns
6 minutes -
Minority caucus demands immediate laying of BoG accounts before Parliament
10 minutes -
Black Sherif takes victory lap to Telecel Ghana HQ after 27th TGMA sweep
16 minutes -
Build inclusion into core of workplace culture – Telecel Ghana HR Director
21 minutes -
The youth are drowning – Vivies Dance and Theatre Academy sparks national conversation on addiction
25 minutes -
Bank of Ghana revoked GN Savings & Loans licence solely on insolvency grounds, not other alleged breaches — Lawyer for GN reveals
30 minutes -
Justice for Sale: How Ghana’s laws protect the powerful and punish the poor
35 minutes -
I wish some Ghanaians in US would go to school and improve themselves – Ambassador Smith
35 minutes -
2026 World Cup: Ghana’s Ambassador to US dismisses reports that only 3 out of 150 supporters secured visa
37 minutes -
Afoko calls for research-driven strategy to rebuild NPP ahead of 2028 elections
50 minutes -
Guinness Ghana Annual Golf Championship set for May 30 at Achimota Golf ClubÂ
1 hour -
Ghana to announce World Cup squad on June 1 – Kurt Okraku
2 hours -
Livestream: Newsfile dicusses attack on free speech and return of GN Bank
2 hours -
Panic in Sunyani: Chiefs to perform rituals after mystery deaths of two successive headteachers
4 hours -
The party has lost ground – Paul Afoko breaks long silence to launch NPP comeback
4 hours