It is also to advise the government on the way forward on the implementation of the Compact two of the millennium challenge account which is geared towards improving the country’s power sector. Even before the board begins its work, the Senior Staff Association of the Electricity Company of Ghana is urging the board not allow private participation in the operations the company as required under the Compact.
National chairman of the Association, Patrick Tetteh Benyami said “anytime there is PPP, utility tariffs go high and the Ghanaian is not ready to pay more. Also, since these private companies will concentrate in the cities, there will be an increase in rural urban migration”. For Energy expert Kwadwo Poku, the board should consider building the capacity of the ECG than listing the company on the Ghana stock market.
“The electricity company of Ghana needs capacity building; a resuscitating than listing on the stock exchange. Let’s build it and make it attractive first”, he advised. But campaign coordinator of the Integrated Social Development Centre, Dr Steve Manteaw disagrees with those opposing the listing of ECG on the stock market. “We can put the ECG through other ownership forms, including listing on the stocks market. It worked for GOIL, and their entities and it will work for the ECG. So it should be topmost for the new board,” he argued.
- Creating new regions will speed up development - Minister
- Average interest on agric loans is 33.2 percent – BoG report
- Parliament approves 4 tax cuts in 2017 budget
- New GHC 5 note was printed as souvenirs for Ghana@60 - BoG
- GOIL reduces fuel prices
- The Cedi to find its level by end of first quarter – Financial analysts predict
- February inflation drops marginally to 13.2%
- DVLA introduces new initiatives
- Akufo-Addo pledges support for Guinness Ghana, beverage industry
- Awake Water presents GHC100,000 to Korle Bu cardio centre