Sale Of ECG: Top Management Summoned Over Leaked Report


Authorities at the state power distributor, Electricity Company of Ghana have summoned top management of the company over the leaked report regarding the attempts by the government to privatise the power agency.

A highly placed source who revealed the development to StarrFMonline.com said all top engineers and directors of the company nationwide have been summoned to Accra.

It is, however, unclear the exact day the meeting will take place.

StarrFMonline.com’s investigations also reveal that some top managers of the company are also being investigated over the leaked report.

A high profile document intercepted by StarrFMonline.com indicates that the Mahama-led administration has resolved to hand over the management of the beleaguered Electricity Company of Ghana (ECG) to private hands.

The government, according to the document, has been presented with two options should it decide to go ahead with the privatisation process to rescue the state-owned company which is currently struggling to distribute power to Ghanaians.

According to a confidential report titled: Ghana Power Compact Private Sector Participation Options Study for ECG: “The Government of Ghana has decided to focus their Private Sector Partner (PSP) choice [for ECG] on either a partial privatisation or a concession contract.”

The intercepted classified document, which was prepared by the International Finance Corporation (IFC) was commissioned by the government of Ghana represented by the Ministry of Energy, the Millennium Development Corporation and the World Bank.


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