Energy Minister John Jinapor has rejected reports suggesting that the government plans to sell the Electricity Company of Ghana (ECG), the state-owned power distributor.
While speaking to the media during a working visit to the West African Gas Pipeline Company Station in Tema, Jinapor firmly denied such claims, stressing that ECG will not be sold. However, he explained that the government is looking for private sector involvement to improve efficiency and financial sustainability.
“The reports, publications, and comments from certain individuals who should know better, claiming that we are selling ECG, are false. It will not be sold. However, we are seeking private sector participation to improve efficiency, reduce losses, and increase revenue, allowing us to meet some of these financial obligations,” Mr. Jinapor stated.
The Minister also discussed the financial challenges caused by inefficiencies in the energy sector, noting that funds intended for development projects are being redirected to pay off debts owed to energy suppliers like the West African Gas Pipeline Company (WAPCo) and N-Gas.
Mr. Jinapor reaffirmed the government’s dedication to enhancing ECG’s performance by engaging the private sector to boost efficiency, minimize financial losses, and increase revenue.
The discussion surrounding ECG’s future comes at a time when the country is grappling with challenges in the energy sector, particularly concerning debts and financial sustainability. The government insists that reforms are essential to ensure the sector’s long-term viability while safeguarding public interest.
