The civil society organizations (CSOs) Budget Forum has requested that the government of Ghana to privatize the Electricity Company of Ghana (ECG) to infuse some efficiencies into its operations.
This comes as a result of a new GHC 2 million loss made by the organization between January to September 2023.
As per the group, different investigations done reveal that privatizing the operations of the state organization is the most ideal choice to improve its operations.
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As per one of the leading members of the Group, Abdul Kareem Muhammed;
“ECG has failed to manage itself, so we are asking that they consider a return to the private sector participation arrangement, but we are not asking to go back to the days of PDS.”
“Within the last 6 months or so, the tariffs have been increased by about 100%, but liquidity has worsened within the same period, so whereas the tariff has increased, their cash position is even worse now”.
