![\"16962840599_c6a82c18cf_z\"](\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/04\/16962840599_c6a82c18cf_z.jpg\")
<\/a><\/p>\nAccording to the President however, such reports are false and should be disregarded.<\/p>\n
President Mahama explained that what government is\u00a0rather\u00a0doing is to open the doors for more private companies to invest in the power sector to enhance efficiency.<\/p>\n
\u201cPrivate sector participation in power distribution is not a new thing\u2026Everywhere in the world, private sector participation in many areas hitherto monopolized by government\u00a0 is being encouraged. This is leading to increased investment from the financial sector and the capital market and it is introducing efficiency in those sectors. Power is not different,\u201d the President insisted.<\/p>\n
President Mahama made the comment when he commissioned the Enclave Power Company\u00a0(EPC)\u00a0on Tuesday.<\/p>\n
The Enclave power company is Ghana\u2019s first privately, licensed electricity distribution company.<\/p>\n \u201cWhen people try to misinform the nation and the public by saying that our carrying out the reform in terms of allowing private sector participation in the distribution of power, \u00a0by that we are privatizing ECG its absolutely untrue. Government has no intention of privatizing ECG. ECG is still a 100% government owned entity and will remain a 100% government owned entity,” he stated.<\/p>\n Mahama further noted that “nothing in our regulation stops private sector participation in managing concessions to distribute power to customers,” expressing that the commissioning of the company is geared towards ensuring “efficient service than we have had in the past.\u201d<\/p>\n<\/a><\/p>\n<\/a><\/p>\n