Reforms at the Electricity Company of Ghana (ECG) will not result in job cuts at the nation’s power supplier, President John Mahama has promised.
The ECG is to be leased to a private company in accordance with the Millennium Challenge Account the government of Ghana signed with its US counterpart, which will see the management of the entity change hands for 30 years.
But the President, speaking at the 2016 May Day event at Wa in the Upper West Region, moved to quash fears that the company was being privatised. He told the workers at the parade: “Let me restate ECG is and will remain a wholly owned state enterprise.”
And he had a second piece of good news for staff of the company. “There will be no worker retrenchment occurring as a result of this reform,” he added.
Explaining the need for private involvement in the company, Mr Mahama revealed: “Government agreement under the Millennium Challenge Compact is to leverage private sector participation at the client level to assist in resolving client complaints and revenue collection.”