ECG Is Not For Sale

The Ministry of Energy and Petroleum has denied claims that the Electricity Company of Ghana (ECG) is up for sale in fulfillment of conditions attached to the second Millennium Challenge Compact.  

There are media reports alleging that government had resolved to privatize the Electricity Company of Ghana (ECG) as part of a condition to access the second compact of the Millennium Challenge Account, worth more than 500 million dollars.  

But a statement signed by the Minister of Energy, Armah Kofi Buah, described the publications as “untrue”.

He explained that the second compact has been carefully developed to “holistically address challenges in the entire power supply value chain, specifically in generation, transmission, distribution, sector
regulation and capacity building. 

A statement from the Ministry of Energy and Petroleum denies claims that ECG is up for sale as part of conditions for accessing the second compact of the Millennium Challenge Account. 
 
Meanwhile,  the Minister of Energy and Petroleum, Armah Kofi Buah, has been throwing more light on the issue. 

He told Radio Ghana that the country stands to benefit substantially when the programme is fully implemented.

According to him, a lot of work has already been done.

Source: GBC