ECG is under consideration for a concessionary agreement, however Dr. Steve Manteaw believes it might have a hidden agenda against the company.
The sector minister on several platforms consistently criticized the management of ECG for the inefficiencies within the company
ECG is under consideration for a concessionary agreement.
According to Dr. Manteaw, Mr. Agyarko might have a hidden agenda against the company.
“If the minister [of Energy] does not have any hidden agenda, then I think what he is doing is not helpful. But if he has hidden agenda to give ECG a bad name in order to hang her to take her to the path that he wants to take her then I’m not sure some of us will take it lightly because there will be some kind of resistance.
Dr. Manteaw also accused the Energy Minister of bad faith of taking such tangent because the biggest debtor of ECG was government.
According to him ECG is struggling because of huge debts owed it by government and some institutions in the country.
“…Because there is an ongoing dialogue it doesn’t make for good faith for the Minister of Energy to take any least opportunity he gets to chastise ECG and to speak to the so called inefficiencies at ECG especially where he deliberately overlook government’s own complicity in actually bringing ECG where it is today.
We are all aware that government’s indebtedness to ECG is the biggest challenge facing the cash flow situation that ECG finds itself today. And so if the Minister goes on a trajectory of lambasting ECG without speaking to the fact that government itself has been negligent in honouring its obligations to ECG then it’s a demonstration of bad faith,” he argued.
ECG privatization deal
The Ghana government is seeking to cede ECG under a concessionary agreement to allow private participation in the affairs of ECG for a period of 25 years.
The deal is part of the Ghana Power Compact with the Millennium Challenge Corporation (MCC) for a grant of US$498,200,000 to improve the performance of Ghana’s power sector to unlock the country’s economic potential, create jobs, and reduce poverty.
The agreement has suffered some setbacks in the past because some workers of ECG complained that the deal is not in the interest of the country hence was unable to kick start in the previous administration.