No privatization Public assets must remain public - Kofi Asamoah

Mr. Kofi Asamoah says the craze to sell privatize public assets must stop.

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John Mahama in a discussion with TUC boss, Kofi Asamoah play

John Mahama in a discussion with TUC boss, Kofi Asamoah

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General Secretary of the Trade Union Congress, Kofi Asamoah said the introduction of private participation “should not be part of the solution to the power crisis.”

He said any attempt to privatise the Electricity Company of Ghana (ECG) will be inimical to the state.

Speaking at the 2015 National May Day parade in Accra, he stated that “Public assets must remain public!” he said “Privatization only serves the interest of profit hungry foreign investors and it will not address our energy crisis.”

Mr. Asamoah said the TUC is “reliably informed that preparations are far advanced to privatise the bank…We want to appeal to you not to approve that arrangement.”

He noted that the craze to share public assets among private businesses “should be discouraged. Our eyes are watching.”

On the part of the President, John Mahama said he has directed the Minister of Employment and Labour Relations to meet with workers and management of ADB to resolve the problems facing the bank.

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