The Institute for Energy Security (IES) has backed calls by the Asantehene, Otumfuo Osei Tutu II for the government to diversify the Electricity Company of Ghana (ECG), Volta River Authority (VRA), and the Ghana Grid Company (GRIDCo).
According to the Executive Director, Nana Amoasi VII, the Asantehene’s call is in the right direction and long overdue.
“The eminent king didn’t ask that we bring in foreign investors so this means the privatisation can bring together local people with expertise and can invest to boost the institutions. Also, they should not just invest and sit to wait for profit from ECG but be involved in all operations,” he said.
The Asantehene on Wednesday highlighted the need for the privatisation of the power distribution companies to ensure essential financial investments.
He made these remarks during the commissioning of a 430-kilometre natural gas pipeline by Genser Energy, aimed at bolstering the nation’s power sector.
In an interview on Adom FM’s morning show, Dwaso Nsem on Monday, Nana Amoasi VII stated that the government should see Asantehene’s call as an opportunity for extensive dialogue.
“We must be clear and careful on what we want to do thus whether it will be full privatisation or a PPA so we don’t repeat the PDS situation. So Otumfuo’s call has opened the gateway for extensive conversation,” he added.
Latest Stories
-
Police haul in Kwadaso MP, EC officials in probe of Ejisu by-election ‘bribery’ case
15 mins -
Ghana’s press freedom ranking: Are we actually improving?
1 hour -
Reflections: 50 Lessons at 50
2 hours -
NCCE briefs Council of State on civic plans for 2024
2 hours -
Ecobank Group reports Profit Before Tax of $581m, on net revenue of $2.1bn for 2023
2 hours -
More businesses are working to move out of Ghana – Food and Beverages Association
2 hours -
Empowering Ghana’s Environmental Narrative: Celebrating World Press Freedom Day 2024
2 hours -
AG hasn’t closed investigations into Cecilia Dapaah’s case – Spokesman
2 hours -
Ghana Tourism Authority celebrates ‘Feast Ghana’ on May Day with a Taste of Culture
2 hours -
Fella Makafui gets emotional and teary-eyed reacting to old video with Medikal
2 hours -
FBNBank Ghana changes to FirstBank Ghana to align with Group identity
3 hours -
Agogo Presby Hospital celebrates staff over zero maternal death record
3 hours -
Ghana isn’t broke to procure high and low-voltage poles – Energy Minister
3 hours -
Appiatse residents handed keys to newly constructed homes
4 hours -
Dumsor: Mahama the only President to superintend ‘dum dum’ for 4 years – Opoku Prempeh
4 hours