A new survey suggests that over 80% Ghanaians want the Electricity Company of Ghana (ECG) to be privatised.
Explaining the survey results to Accra-based 3FM, Dr Amin Adams Executive Director of the African Centre for Energy Policy (ACEP) revealed that most Ghanaians believe that privatising ECG would lead to a reliable power supply, affordable power, and a proactive power policy that is not reactive and knee-jerk.
According to Dr Adams, Ghana's current energy requirements will not be met in the long run as at least five companies that had been awarded oil blocks are yet to start work. Dr Adams believes that the lack of exploratory activity at the moment will result in a production deficit.
They have been many calls for the privatisation and even outright sale of ECG as a solution to the company's problems.
Ghana's current government is, however, considering the option of putting up ECG for concession.
This would mean that the gov't of Ghana would enter into a long-term agreement with a private partner. The said partner would thus gain the right to operate, maintain and carry out investments in ECG for a defined number of years.
The government would, however, retain full ownership of ECG.