Mahama Weighs ECG Privatization to Tackle Power Distribution Woes
Former President Proposes Private Sector Involvement to Overcome Energy Sector Challenges and Improve Service Delivery
- Privatization of ECG is being explored to improve power distribution efficiency and service delivery
- Mahama emphasizes a balanced approach, with consultations to safeguard public interest
- The move aligns with efforts to modernize Ghana’s energy sector and meet growing demands
President John Dramani Mahama has announced that privatizing the Electricity Company of Ghana (ECG) may be considered as a key strategy to address the persistent challenges within the nation’s power distribution system.
In a meeting with a World Bank delegation on January 8, 2025, Mahama discussed the potential benefits of involving the private sector to address inefficiencies, financial mismanagement, and poor service delivery at ECG. He stressed that privatization could be part of a broader initiative aimed at modernizing and improving the overall energy sector.
Reflecting on Ghana’s participation in the Millennium Challenge Corporation (MCC) Compact during his vice presidency, Mahama underscored the crucial role of efficient energy distribution in driving national development. He emphasized that any move toward privatization would be carefully considered, ensuring that the public interest remains central while striving for enhanced performance and sustainability in the energy sector.
Mahama reiterated the need for comprehensive consultations with key stakeholders, including the World Bank, to ensure any privatization efforts align with Ghana’s long-term energy goals.
