Energy Minister Dr. John Jinapor to Inaugurate Committee on ECG Privatisation.

The newly appointed Minister of Energy and Green Transition, Dr. John Jinapor, is set to inaugurate a technical committee on Friday, January 24, 2025, to spearhead plans for the privatisation of the Electricity Company of Ghana (ECG). This initiative is part of the John Mahama-led government’s comprehensive strategy to address long-standing issues within Ghana’s energy sector.

The committee, which will include energy experts and key stakeholders, has been tasked with developing a roadmap to transition ECG into private sector management. The aim is to improve the company’s efficiency and service delivery while addressing financial losses and operational inefficiencies that have plagued the state-owned entity for years.

Speaking during his ministerial vetting, Dr. Jinapor stressed the importance of transparency and inclusivity throughout the privatisation process. He underscored that the initiative would not only benefit consumers but also safeguard the interests of ECG employees.

“The privatisation process must be conducted with fairness, ensuring the interests of all stakeholders, especially consumers and employees, are well-protected,” Dr. Jinapor remarked.

He added that robust stakeholder engagement will be central to the process, ensuring that the transition aligns with Ghana’s broader goals of achieving sustainable energy distribution and reducing systemic challenges in the sector.

The decision to privatise ECG forms part of a broader policy to address critical challenges in Ghana’s energy sector. The government seeks to mitigate inefficiencies, reduce financial losses, and attract private sector expertise to enhance power distribution.

ECG has faced mounting financial difficulties over the years, including high operational costs, technical losses, and challenges in revenue collection. The privatisation plan is expected to introduce innovative solutions to modernise its operations and improve service delivery.

The move has sparked debates among various stakeholders. Some have expressed concerns about job security for ECG employees and potential increases in electricity tariffs. However, Dr. Jinapor has assured the public that the process will prioritize affordability, reliability, and the protection of employee rights.

As Ghana moves towards energy reform, the inauguration of the technical committee marks a crucial step in reshaping the country’s power sector. The committee’s recommendations are expected to provide a roadmap for a successful transition, which will ultimately benefit consumers and contribute to national development.

Stay tuned for updates on the progress of this initiative as Ghana continues to work towards a sustainable and efficient energy sector.