Dr. Elikplim Kwabla Apetorgbor, CEO of Independent Power Generators Ghana, has expressed the view that privatizing the Electricity Company of Ghana (ECG) is not the solution to the challenges facing the company.
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He elaborated that while privatizing ECG might appear attractive, it presents substantial risks to equitable access, affordability, and service quality.
The call for the privatization of ECG, Ghana Grid Company Limited (GRIDCo), and the Volta River Authority (VRA) was made by Asantehene Otumfuo Osei Tutu II.
The Asantehene, while justifying his call, stated that privatizing these institutions would enable them to operate as expected and fulfill their intended functions.
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Speaking during the commissioning of a 430-kilometre natural gas pipeline by Genser Energy, in Kumasi on Wednesday, April 17, he said “It’s about time that the government realizes that it’s not going to work for the government to be involved in setting up companies without involving the private sector, it doesn’t work.
“The government should confront policies and involve the private sector and you can attract more investors into the country which will create more employment.
“VRA and others are all government establishments, let’s give it out and diversify them into the private sector and get more money there and get the right people to do it. GRIDCo and others let’s give them the money and get the qualified people, diverse government from it and let them work.
“Electricity Company is in a situation where we don’t know, but that also must be diversified and given to the private sector.
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