ECG Privatisation Millennium Challenge Compact won’t lead to ECG privatisation - Mahama

The government is set to lease ECG to a private company for 25 years as part of the second compact of the Millennium Challenge Account

  • Published:
ECG workers on protest over the sale of the company last month. play

ECG workers on protest over the sale of the company last month.

24/7 Live - Subscribe to the Pulse Newsletter!

President John Mahama has downplayed assertions by the Public Utilities Workers Union (PUWU) that the Millennium Challenge Corporation (MCC) compact will impact negatively on the Electricity Company of Ghana (ECG).

PUWU went on strike for two days in protest against the compact, calling on government to review the compact which seeks to cede ECG to private investors for a period of 25 years.

Read more: PUWU warns of high electricity tariffs if ECG is privatised

PUWU also urged government to rescind its decision to sign onto the compact.

The government is set to lease ECG to a private company for 25 years as part of the second compact of the Millennium Challenge Account signed by the Government in August 2014.

See also: Privatisation not the solution; gov't must pay ECG debts - NPP MP

The concession has comes under intense opposition from ECG workers and the Trades Union Congress.

In a circular issued on Thursday last week after a meeting, PUWU said: “All staff across ECG’s operational areas are to report to work but no official duties will be carried out today 2 September 2016 and Monday 5 September 2016.”

More here: ECG begins mass disconnections of debtors

But President Mahama in a tweet said "The Millennium Challenge Compact will not lead to the privatisation of ECG. ECG will remain a 100% state owned enterprise."

 

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos





Top Articles

1 Freemasonry Here are prominent Ghanaians who are also freemasonsbullet
2 Ghana Armed Forces GAF announces date for 2017/18 recruitment screeningbullet
3 Adult Content We will continue showing porn on TV - Ice TVbullet
4 Special Ring Saga God has empowered me more than the occultic...bullet
5 #IAMGACA Ghanaian Against Child Abuse launchedbullet
6 Family Affair These mega churches are keeping it in the familybullet
7 Road safety Ghana records over 2000 road accidents in 2017bullet
8 Accra vs Kumasi 6 pictures that perfectly capture the...bullet
9 Recruitment Police, other security agencies would be...bullet
10 RIP KABA was the only child of his parents - Captain Smartbullet

Top Videos

1 Video Koforidua river mysteriously turns Biblical Blood Redbullet
2 Video Gabby Otchere-Darko, Citi FM MD heckled in New Yorkbullet

News