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A seven-member committee has been established by Energy and Green Transition Minister John Jinapor to provide recommendations on a plan for the Ghanaian Electricity Company’s privatization.
The minister gave the group, led by former Bui electricity Authority CEO Jabesh Amissah-Arthur, the task of ensuring a financially viable model that will ensure the effectiveness of the electricity distribution industry, including the Northern Electricity Distribution Company (NEDCo).
One of the first significant steps the newly appointed minister has made to resolve problems in Ghana’s power sector is the committee’s inauguration.
The action comes after a recent study by the financial advising firm PwC that showed ECG had a debt of 47.2 billion cedis and a net loss of 5.96 billion cedis.
“We have a duty as a government to serve the ordinary Ghanaian,” Mr. Jinapor said.
“What we are seeking to do is to bring efficiency, to bring some level of accountability, transparency, and ensure that we turn things around.” he said.
He urged all parties involved to properly collaborate with the committee that is in charge of energy sector reform. “If they get your cooperation, I can come up with a road map that’s acceptable to all of us, but that will ensure that we bring about efficiency,” the minister said.
Mr. Jinapor underlined that the committee must give equitable involvement of Ghanaians in the final framework top priority.
“We have always advocated for local content, so in your work always have it in mind that local content participation ought to have a place in ECG’s operation”
Additionally, he voiced alarm over debts accumulated as a result of what he called ECG’s concerning procurement procedures.
The committee’s chairman, Jabesh Amissah-Arthur, responded by pledging the committee’s steadfast dedication to providing a long-term solution that will benefit ECG.
In order to guarantee the effective operation of the power distribution agencies, the committee has one month to present a financially viable privatization proposal.
Benjamin Boakye, Dr. Simon Akorli, Ebenezer Baiden, Emma Akua Bulley (Esq), Edward Abrokwah, Dr. Shafic Suleman as secretary, and Jabesh Amissah-Arthur as chairman are among the committee members.
Source: Ghanatodayonline.com
