Energy Minister John Jinapor has debunked reports suggesting that the government plans to sell the Electricity Company of Ghana (ECG).
Speaking during a working visit to the West African Gas Pipeline Company Station in Tema, he emphasized that while private sector involvement is being considered, ECG will remain under state ownership.
“The news items, the publication, and the commentary by some people who should know better that we are selling ECG—it’s not true; it will not be sold,” Jinapor stated.
“But we want some private sector participation to bring about the high level of efficiency, reduce the losses, and increase the revenue base so that we can pay for some of these bills we are talking about.”
Jinapor highlighted the financial strain on the energy sector, explaining that funds meant for development projects are being redirected to settle debts with energy suppliers, including the West African Gas Pipeline Company (WAPCo) and N-Gas.
He lamented that $75 million, which could have been allocated to infrastructure such as roads and hospitals, had to be used to pay outstanding debts.
The minister reaffirmed the government’s commitment to enhancing ECG’s efficiency while maintaining public ownership. Amid ongoing financial and operational challenges in the energy sector, the government insists that strategic reforms, including private sector involvement, are necessary to sustain ECG without compromising national interests.
