President Mahama Rules Out Privatisation of ECG, Pledges Reforms Through Public-Private Partnerships
President John Dramani Mahama has assured Ghanaians that the Electricity Company of Ghana (ECG) will remain a state-owned enterprise under his leadership, dismissing fears of a potential privatisation of the power distributor.
Speaking at the 2025 May Day celebration held at the Black Star Square in Accra on Thursday, May 1, President Mahama reaffirmed his commitment to a strengthened public sector, with ECG playing a critical role in the country’s power distribution system.
“The ECG has been brought to its knees by a culture of poor governance over the last eight years, resulting in a debt of 68 billion Ghana cedis and rising,” the President stated.
His remarks come amid growing public concern over the possible privatisation of ECG, as the company struggles with mounting debt and operational inefficiencies.
President Mahama explained that while reforms are necessary to ensure improved service delivery, his government will pursue public-private partnerships (PPPs) as a more balanced approach to revitalising ECG.
“We will not privatise ECG. What we seek is a partnership with the private sector that ensures efficiency and financial sustainability, without compromising state ownership or public interest,” he added.
The President’s assurance comes as part of a broader policy shift to restore confidence in state-owned enterprises (SOEs) and enhance their capacity to contribute meaningfully to national development.
