A Technical adviser at the Ministry of Finance, Dr Theo Acheampong, has revealed that the government’s plan to involve private firms in the Electricity Company of Ghana (ECG) is slated to start by early 2027 as part of broader energy sector reforms.
He explained that the move, being pushed by both the Government of Ghana (GoG) and the International Monetary Fund (IMF), is meant to tackle ongoing commercial and technical losses at ECG and boost efficiency in power distribution across the country.
“The private sector participation under ECG will happen. End of year going into early next year,” he said on Joy FM on Saturday, May 16, 2026, reaffirming government’s resolve to proceed with the reforms despite pushback from organised labour.
Dr Acheampong clarified that the plan does not mean a full privatisation or outright sale of ECG, but will instead use public-private partnerships and concession arrangements to improve operational performance.
Meanwhile, former ECG Managing Director, Samuel Dubik Mahama, has pointed to operational strains within the company, noting that under the cash waterfall mechanism, only part of the revenue collected stays with ECG, with substantial deductions going to salaries and other costs such as fuel, healthcare obligations and maintenance.
