Minister-designate for Energy and Green Transition, John Abdulai Jinpaor, has announced the planned privatisation of the Electricity of Ghana (ECG) will not be sole-sourced.
He said the process would be done in a competitive manner to allow the private sector to participate.
Appearing before the Appointments Committee, the nominee indicated the government remains committed to ensuring private sector participation to allow for efficiency.
‘’We believe there should be private sector participation. What we intend to do is form a seven-member committee chaired by technical experts, legal experts, financial experts, some industry players, and even somebody from the consumer side. What we want them to do is to get us the framework looking at best practices with the concession approach work or pro-privatisation work.
He said the process would be done in a transparent manner, and when the government gets the support of Ghanaians, then they can set the standards using an RFQ and RFP and then a competitive tender process.
‘’Let me make this clear, we are not going to do sole sourcing when it comes to ECG private sector participation.’’
President John Dramani Mahama recently indicated the possibility of privatising the Electricity Company of Ghana (ECG) as part of efforts to address inefficiencies in the country’s power distribution system.
He explained that involving the private sector in managing ECG could help resolve longstanding challenges, including operational inefficiencies, financial mismanagement, and inadequate service delivery.
Speaking during a meeting with a delegation from the World Bank on Wednesday, January 8, 2025, at his private office in Accra, Mr. Mahama posited that privatisation may form part of a broader strategy to modernise and enhance the performance of the energy sector.
“If we don’t fix the Electricity Company of Ghana, we will continue to have a major problem with our whole power value chain. So, going ahead with privatising the last point of electricity distribution and bringing in private sector efficiency is something that we want to take up again. We want to speak with the World Bank to get the expertise to be able to do that.”
By: Rainbowradioonline.com/Ghana
