‘We are not selling ECG’ – Energy minister sets the record straight on privatisation

The Minister for Energy and Green Transition, John Abdulai Jinapor, has dispelled claims that the government is planning to sell the Electricity Company of Ghana (ECG), clarifying that current reforms involve introducing private sector participation to enhance efficiency, not a wholesale privatisation.

Speaking during the Government Accountability Series on Wednesday, 16 July 2025, Mr Jinapor emphasised that the aim is to improve ECG’s operations, particularly in the area of revenue collection and service delivery. He stated:

ALSO READ: Energy ministry to install 23,500 solar streetlights to ease pressure on national grid

To ensure increased revenues and improved efficiency, Cabinet has approved private sector participation in ECG’s distribution network.

The Minister was categorical in his assurance to Ghanaians, stressing that there are no plans to sell the company. He urged local entrepreneurs to be involved in the process:

Let me put it on record, we are not selling ECG. What we are seeking to do is to involve the private sector, particularly in billing and revenue collection, and I encourage Ghanaian investors to take keen interest in this. We have capable Ghanaian entrepreneurs and businessmen who can contribute meaningfully.

He also revealed that ECG has now complied with his directive to adopt the Cash Waterfall Mechanism and operate a single account at the Ghana Commercial Bank. He explained:

ALSO READ: AG orders EOCO to investigate NDC’s Yamin and Abanga over alleged illegal mining

This is ensuring a constant flow of funds to power generators, fuel suppliers, GRIDCo, VRA and other key players in the power sector. It has also contributed significantly to the relative stability we are currently experiencing in power supply. The mechanism guarantees minimum payments to Independent Power Producers (IPPs).

Mr Jinapor further noted the Ministry’s commitment to expanding access to electricity in underserved communities. He announced that 63 communities have already been connected to the national grid, with plans underway for a large-scale rural electrification programme aimed at achieving universal electricity access by the end of 2028.

Read Full Story