The Ministry of Energy and Green Transition has addressed concerns raised by the Public Utilities Workers’ Union (PUWU) regarding the selection of a Transaction Advisor for the Private Sector Participation (PSP) initiative at the Electricity Company of Ghana (ECG).
According to a press release issued by the Ministry, Cabinet approved the Private Sector Participation in ECG in April 2025 as part of a broader reform agenda.
The initiative aims to improve billing and revenue collection, enhance service delivery, and reduce aggregate technical and commercial losses within the company.
Despite ECG’s overall performance improvements since January 2025, the Ministry noted that the company still faces critical operational and financial challenges.
According to the Ministry, these challenges threaten the company’s financial sustainability and the stability of Ghana’s power sector if left unaddressed.
The Ministry emphasised that the government has no intention of selling ECG.
“Government of Ghana does not intend to, and will not, sell ECG.”
The approved PSP framework, is not a divestiture. Instead, it involves the strategic deployment of private sector expertise through multiple concession arrangements to support and improve specific operational areas of the company.
The Ministry said it remains committed to maintaining open and constructive dialogue with PUWU to address the Union’s concerns. It urged calm and restraint while engagements continue in good faith.
It added that the selection of a transaction advisor is purely a technical and procedural step to structure the PSP framework and does not imply an outright sale of ECG.
By: Rainbowradioonline.com/Ghana