Wereko-Brobby warns labour agitations in power sector could dampen investor confidence

The agitations over the release of the Electricity Company of Ghana (ECG) to a concessionaire by ECG workers has the potential to affect foreign direct investment in Ghana, a former Chief Executive of the Volta River Authority has warned.

“I do not know about the long term effect; all I know is that it is wrong, as it sends a wrong signal to anyone who wants to come to invest in the power sector or any other sector of the economy," Dr Charles Wereko Brobby warned on Tuesday in a media interview.

The workers say privatising the company is not the best way of reviving the ailing company which has been saddled with debts, opaque structures and inability to collect revenues.

In addition, the workers fear they would be dismissed after the takeover agreement is completed in the next five years, and high tariffs set for consumers.

However, Dr Wereko-Brobby, who says he is against the deal in an interview with Citi FM, argues that despite the concerns of the workers, their actions send signals to investors that there is no discipline among workers and management in Ghana.

“Many of us are not happy about what is happening in terms of the MIDA arrangement but those who have the responsibility must deal with it. This is anarchy in the workplace and it shouldn’t have been allowed to happen," he said.

It's regrettable Ghanaian journalists no longer talk about galamsey — Sir Sam Jonah

Wereko-Brobby warns labour agitations in power sector could dampen investor confidence

The agitations over the release of the Electricity Company of Ghana (ECG) to a concessionaire by ECG workers has the potential to affect foreign direct investment in Ghana, a former Chief Executive of the Volta River Authority has warned.

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