Ghanaian government urged to save ailing power firm amid strike

A policy think tank has urged the Ghanaian government to continue to reform an ailing major power distributing company amid worker strike.

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ACEP

A statement released by African Center for Energy Policy (ACEP) attributed problem of the Electricity Company of Ghana (ECG) to poor services rendered to consumers and interference by the government.

ACEP said it agreed with the government on the decision to put the company under concession, against which its workers have protested, and proposed a two-way approach.

“We propose that if the workers are opposed to the concession option, government must consider other forms of privatization, particularly a transfer of majority ownership of share (at least 51 percent) in ECG to a strategic partner selected through an open and competitive process or offload the shares to be acquired through the Ghana Stock Exchange,” the statement said.

It asked the government to ensure the reforms aimed at eliminating political interference, raising capital for the company and introducing new business processes and culture to address the company’s inefficiency and financial challenges.

The Public Utility Workers Union (PUWU) last week directed the ECG workers not to attend to official duties on Sept. 2, 5 and 9 until government backed down on its plan to cede part of the company to private investors. Enditem

Source: Xinhua/News Ghana

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