President John Mahama has denied reports that government intends privatising the Electricity Company of Ghana (ECG).
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ECG not being privatised - Mahama
Ghana has been grappling with energy crisis for the past five years with some parts of the country plunged into darkness.
President John Mahama
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Information gathered shows that government is considering privatizing the company due to poor service.
The ECG would be privatised by March or June 2016 year depending on the private takeover option the government chooses.
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The government of Ghana is considering two privatisation preferences – partial privatisation or a concession contract – as it weighs measures to attract investment in the state-owned power distribution company.
But President John Mahama in a media interaction on Tuesday at the Flagstaff House said "ECG is not being privatised."
His comments follows claims by workers of the power distribution company suggesting that government has received some $500 million from an American company as part payment for the sale of the company.
Read more: Kufuor backs gov't over privatisation of ECG
He said "We are inviting private involvement so we have independent power producers coming in adding that "We are fortifying the power sector most in terms of generation and distribution."
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As part of efforts to end dumsor, President Mahama said "...We need to forecast our demand and plan generation to be in tune with our growth...one of the major sectors that take my time and attention is the power sector... we have made a great effort and as close as we are at solving dumsor, we still have a gab.
"In a short while, we will be able to overcome dumsor, ..I have learnt to leave (timelines) to the technical people to talk about ...but we now, as a result of the work that we did, have sufficient generation; the problem now is the fuel... we are fortifying the power sector to make it more robust and lasting," he noted.
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