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Between 2022 and 2023 ECG’s revenue surged by GHc5.6bn; why sell? — Dr. Tiah Mahama

Headlines Dr. Tiah Abdul-Kabiru Mahama, Member of Parliament for Walewale
TUE, 14 JAN 2025 1
Dr. Tiah Abdul-Kabiru Mahama, Member of Parliament for Walewale

Dr. Tiah Abdul-Kabiru Mahama, Member of Parliament for Walewale, has questioned the government’s plan to privatize the Electricity Company of Ghana (ECG).

In a social media post on Tuesday, January 14, Dr. Mahama highlighted the company’s significant revenue increase, asking, “Why will we sell a company that has such huge prospects?”

He noted that between 2022 and 2023, ECG’s revenues rose from GHc8.7 billion to GHc14.3 billion, indicating strong financial growth.

Dr. Mahama expressed concern over the proposed privatization, suggesting that selling a company with such prospects may not be in the nation’s best interest.

President John Dramani Mahama has hinted at plans to privatize ECG as part of efforts to address inefficiencies and financial challenges within the energy sector.

During a meeting with a World Bank delegation on January 8, 2025, he stated, “If we don’t fix the Electricity Company of Ghana, we will continue to have a major problem with our whole power value chain.”

He emphasized the need for private sector involvement to enhance efficiency and modernize the power distribution system.

Isaac Donkor Distinguished
Isaac Donkor Distinguished

Is a journalist with a keen interest in politics, current affairs, and social issuesPage: isaac-donkor-distinguished

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Comments

Sly | 1/14/2025 7:28:58 PM

Why is ECG can't pay it debts? That means the money is going somewhere. in the UK, for example, there are multiple providers operating effectively. Let me ask one question: Can you name a government-owned company that is performing well and compare it to the telecommunication sector, which has been privatized and is thriving? The government can choose to subsidize certain groups, but the current situation in Ghana is unsustainable. For instance, billions of cedis are spent annually just to keep ...

Should Electricity Company of Ghana (ECG) be privatized?

Started: 11-02-2025 | Ends: 11-03-2025

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