The government has been urged to consider partial privatisation of the Electricity Company of Ghana (ECG) as a strategy to tackle the mounting debt burden in the energy sector, which continues to strain the public purse. This recommendation emerged from the Structural/Policy Reforms session at the National Economic Dialogue.
Presenting the group’s recommendations, former Ghana National Petroleum Corporation (GNPC) CEO Dr K.K. Sarpong emphasised that introducing private sector participation could enhance efficiency, improve revenue collection, and reduce financial losses in the power sector.
“We believe that if you introduce private sector participation, then the idea of driving it towards commercialisation is likely to be achieved and that way we prepare eventually for it stock market listing to raise money locally and internationally. “I believe in democratic capitalism, many people getting the chance to buy assets,” he said.
Dr Sarpong also outlined key policy recommendations to revamp the Ghana Cocoa Board (COCOBOD) and restore it to profitability. He stressed the need for operational efficiency, cost-cutting measures, and a reassessment of the board’s financial structure to ensure long-term sustainability in the cocoa sector.
By: Emmanuel Oppong
