The Ministry of Energy and Petroleum has denied claims that the Electricity Company of Ghana (ECG) is “up for sale”\u00a0in fulfillment of conditions attached to the second Millennium Challenge Compact.<\/p>\n
Some media reports indicate that government<\/span> had resolved to privatize the Electricity Company of Ghana (ECG) as part of a condition to access the second compact of the Millennium Challenge Account, worth over $500 million.<\/p>\n But a press statement issued by the Ministry and signed by the Minister of Energy, Armah Kofi Buah,\u00a0described the reports as \u201cuntrue\u201d.<\/p>\n He explained that the second compact has been carefully developed to “holistically address challenges in the entire power supply value chain, specifically in generation, transmission, distribution, sector regulation and capacity building.”<\/p>\n The Ministry said that although Ghana has been selected among a few countries\u00a0to benefit from a second compact programme<\/span> under the US government, “the compact would focus on specific interventions in the power sub-sector aimed at increasing electricity<\/span> access and reliability.<\/p>\n He added that the efforts at resolving Ghana’s energy distribution challenges should not be seen as sale of ECG or Northern Electricity Distribution Company (NEDCo).<\/p>\n <\/p>\n Click on link<\/span> below to read the full statement from the Energy Ministry<\/strong><\/p>\n Statement: ECG not for sale<\/span><\/a><\/span><\/strong><\/p>\n <\/p>\n By: Marian Efe Ansah\/citifmonline.com\/Ghana
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