Ghana’s Minister of Energy and Green Transition, John Jinapor, has inaugurated a seven-member technical committee tasked with crafting a framework for the partial privatization of the Electricity Company of Ghana (ECG). The initiative aims to enhance operational efficiency and improve service delivery within the utility provider.
The committee, comprising energy sector experts and stakeholders, has been given a one-month deadline to develop recommendations for transitioning ECG to private sector management while maintaining local participation.
“Our goal is not to sell ECG outright but to integrate private sector expertise while prioritizing local involvement,” Mr. Jinapor clarified during the committee’s inauguration.
The Minister stressed the importance of transparency and inclusivity throughout the privatization process. He urged the committee to engage extensively with key stakeholders, including ECG employees, unions, consumers, and industry partners, to ensure the proposed plan reflects diverse perspectives and garners broad support.
“This process must be transparent, effective, and responsible,” Jinapor noted. “The energy sector is in financial distress, and immediate action is necessary to prevent its collapse.”
The technical committee is tasked with formulating a competitive and viable strategy to attract local and international investment. The plan will focus on stabilizing the energy sector while driving innovation and efficiency in ECG’s operations.
Ghana’s energy sector has been grappling with financial and operational challenges, prompting the government to seek bold interventions to ensure sustainability. This privatization initiative is part of a broader effort to transform the sector and address its mounting issues.
The committee is expected to submit its final report and recommendations by the end of February 2025.
