Audio By Carbonatix
Energy Minister-designate John Abdulai Jinapor has highlighted the need for private sector involvement in the operations of the Electricity Company of Ghana (ECG) to enhance efficiency and improve power distribution.
Speaking during his vetting by Parliament’s Appointments Committee, Mr. Jinapor stressed the importance of a structured and transparent process to achieve this goal.
“We believe there should be private sector participation. What we intend to do is to form a 7-member committee, chaired by technical experts, legal aspects, financial experts, and some industry players, and even somebody from the consumer side,” Mr. Jinapor stated on Monday, January 13.
He outlined the committee’s mandate to design a comprehensive framework based on global best practices, evaluating whether a concession model or full privatisation would be most suitable. He also assured that the process would be devoid of political interference.
“We will stay off as politicians and let them develop a framework in a transparent, open, and frank manner. Once we get the buy-in of Ghanaians, we can set standards using a Request for Proposal (RFP) or competitive tender process,” he added.
The Minister-designate made it clear that the government would not resort to sole-sourcing for private sector participation in ECG operations.
Instead, a competitive process with a strong emphasis on local content and Key Performance Indicators (KPIs) would be adopted.
“Our approach ensures a clear path forward, incorporating private sector expertise while safeguarding national interests,” he explained.
He also indicated that the energy sector debt has ballooned to $3 billion.
Meanwhile, the Public Utility Workers' Union of TUC Ghana (PUWU) has reiterated its stance against the privatisation of the ECG.
“We are not unaware of the numerous local and international groups seeking to invest in the power sector, especially ECG. Many of these groups have resurfaced with similar agendas despite past opposition,” PUWU's January 13 statement noted.
The union reaffirmed its long-standing position against privatizing ECG, maintaining that the existing alternative framework remains the best solution for Ghanaians and other stakeholders.
Latest Stories
-
“Don’t be depressed, have confidence” — Ablakwa encourages evacuees from South Africa
2 minutes -
26 Ghanaian prisoners among first evacuees from South Africa — Ablakwa
11 minutes -
Angry youth set properties ablaze after a shooting incident at Deti in Volta Region
36 minutes -
GAUA-KNUST adopts a constitution, introduces electoral reforms
41 minutes -
‘The Corporate Code’ launched to groom, nurture fresh graduates for corporate career
1 hour -
Man Utd closing in on £38m Ederson deal
1 hour -
Lands Minister spearheads 800-acre reclamation drive in Nkroful to reverse galamsey damage
1 hour -
Fernandez wants Chelsea exit but club would demand £120m
1 hour -
Ghana FA strengthens future of Black Stars with successful UK Talent Engagement Programme
1 hour -
Ghana Islamic Multicultural Association in Berlin marks Eid-ul-Adha prayers at Tempelhofer Feld
1 hour -
First batch of Ghanaians fleeing xenophobic attacks in South Africa arrive in Ghana
1 hour -
Upper West Minister joins muslims in Wa for Eid al-Adha prayers
2 hours -
TOR receives one million barrels of ‘Bonga Crude’ for refining operations
2 hours -
National Chief Imam commends President Mahama for key development initiatives
2 hours -
NADMO warns of possible demolition exercise at Sampah Valley after Weija dam spillage
2 hours