The Ministry of Energy and Green Transition has addressed concerns raised by the Public Utilities Workers’ Union (PUWU) regarding the appointment of a Transaction Advisor for the Private Sector Participation (PSP) arrangement in the Electricity Company of Ghana (ECG).
In a press statement, the Ministry explained that the Cabinet, led by President John Dramani Mahama, approved the PSP initiative in April 2025 as part of wider reforms to improve billing and revenue mobilisation, enhance service delivery, and reduce technical and commercial losses at ECG.
Although ECG has recorded notable performance gains since January 2025, the Ministry said persistent operational and financial challenges continue to pose risks to the company’s sustainability and the wider power sector.
The Ministry emphasised that the government has no intention of selling ECG, stressing that the PSP framework is not a divestiture but a strategy to leverage private sector expertise through concession arrangements to strengthen specific operational areas.
It reaffirmed its commitment to ongoing engagement with PUWU and called for calm as discussions continue.
The Ministry added that appointing a Transaction Advisor is a procedural step to structure the PSP and does not signal the sale of ECG. Government, it said, remains committed to safeguarding workers’ interests and ensuring a reliable and sustainable power sector.
Earlier, the PUWU kicked strongly against reported government plans to appoint a transaction adviser as a prelude to PSP in the operations of the ECG, describing the move as hasty, premature and potentially disruptive to an ongoing internal recovery programme.
In a statement, the Union said its attention had been drawn to media reports suggesting that the government intended to initiate processes for ECG’s transition into PSP through the appointment of a transaction adviser. PUWU-TUC said the reports were surprising, coming at a time when ECG was already implementing a comprehensive turnaround programme agreed with the Ministry of Energy.
According to the Union, the turnaround programme was the product of extensive and constructive engagements with the Minister of Energy and Green Transition and was deliberately designed to revive ECG through internal reforms, improved efficiency and strengthened management systems rather than through privatisation or private sector control.
