Chief Executive Officer of Independent Power Generators Ghana, Dr. Elikplim Kwabla Apetorgbor, has expressed concerns regarding the privatization of the Electricity Company of Ghana (ECG), suggesting that it could jeopardize accessibility and affordability.
He elaborated that private ownership of ECG might result in unstable power supply, thereby disrupting business operations.
In a statement obtained by the media , Mr. Apetorgbor remarked, “Privatisation may risk the accessibility, affordability, and stability of electricity services, crucial for national development.”
His remarks follow Asantehene Otumfuo Osei Tutu II’s call for the government to consider privatizing selected public entities such as the Electricity Company of Ghana and Volta River Authority, aiming to spur industrial growth and attract investment in Ghana.
Speaking at the inauguration of a 430-kilometer natural gas pipeline by Genser Energy, Otumfuo Osei Tutu II advocated for private sector management of these firms, citing greater efficiency and effectiveness.
In response, Mr. Apetorgbor cautioned against the privatization of enterprises, noting that it often prioritizes profit maximization over public service.
He expressed concern that privatized companies might concentrate on affluent areas while neglecting rural and low-income communities, potentially resulting in tariff hikes that disproportionately affect consumers with limited purchasing power.
Consequently, he urged the government to concentrate on strengthening and retaining the Electricity Company of Ghana, emphasizing the importance of accountability, equitable access, and strategic governance control over this national asset.