The Ministry of Energy and Green Transition has responded to concerns raised by the Public Utilities Workers’ Union (PUWU) regarding the selection of a Transaction Advisor for the proposed Private Sector Participation (PSP) in the Electricity Company of Ghana (ECG).
In a press release, the Ministry explained that Cabinet, under the leadership of President John Dramani Mahama, approved the PSP framework in April 2025 as part of a broader reform agenda aimed at improving billing and revenue collection, enhancing service delivery, and reducing aggregate technical and commercial losses at ECG.
While acknowledging notable improvements in the company’s overall performance since January 2025, the Ministry noted that significant operational and financial challenges persist. It warned that if these challenges are not addressed, they could undermine ECG’s financial sustainability and threaten the stability of Ghana’s power sector.
The Ministry emphatically stated that the Government of Ghana “does not intend to, and will not, sell ECG.” It clarified that the approved PSP framework is not a divestiture but a strategic arrangement designed to leverage private sector expertise through multiple concession agreements to strengthen specific operational areas of the company.
According to the Ministry, the appointment of a Transaction Advisor is a purely technical and procedural step required to properly structure the PSP framework and should not be misconstrued as a move toward the outright sale of ECG.
The Ministry further assured PUWU of its commitment to open and constructive engagement, urging calm and restraint as discussions continue in good faith. It reaffirmed government’s dedication to protecting workers’ interests, strengthening ECG’s operations, and ensuring a reliable, efficient, and sustainable power sector for all Ghanaians.
Source: citinews
