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Dr. Theo Acheampong, a Technical Adviser at Ghana’s Ministry of Finance, has revealed that the government plans to begin private sector participation in the Electricity Company of Ghana (ECG) by early 2027, as part of broader reforms in the energy sector.
Speaking on Joy FM on Saturday, May 16, 2026, Dr. Acheampong said the initiative is being pursued jointly with the International Monetary Fund (IMF) to address longstanding commercial and technical losses at ECG and enhance efficiency in electricity distribution nationwide.
“The private sector participation under ECG will happen—end of this year going into early next year,” he stated, underscoring the government’s commitment to the reforms despite opposition from organised labour groups.
Dr. Acheampong clarified that this move does not constitute a full privatisation or outright sale of ECG. Instead, the government plans to adopt public-private partnership (PPP) and concession models to improve operational performance and service delivery.
The reforms are part of ongoing efforts to stabilise Ghana’s energy sector, enhance revenue collection, and reduce inefficiencies that have contributed to ECG’s financial challenges.
In response, Dr. Kwabena Nyarko Otoo, Deputy Secretary-General of the Trades Union Congress (TUC), said via phone: “The unions are fully prepared and will do everything to ensure we do not privatise ECG.” He added that the TUC and its affiliates are “ready to use every legitimate means” to oppose the move.
The government, however, maintains that the initiative does not involve selling ECG. “Cabinet has taken a definitive position requiring some level of private sector participation, but not an outright sale,” Dr. Acheampong emphasised in an earlier Joy News interview.
Story by Efua Nessa
Source: Loco tv