A member of the Communication Team of the opposition New Patriotic Party (NPP) in the Tema West Constituency, James Tamakloe, has stated that the privatization of state-owned institutions is not the solution to the country’s economic and operational challenges.
His comments follow recent remarks by Dr. Theo Acheampong, Technical Advisor at the Ministry of Finance, who revealed that government’s planned private sector participation in the Electricity Company of Ghana (ECG) is expected to commence by early 2027 as part of ongoing energy sector reforms.
Speaking on Plan B FM’s Nkosuo Nsem programme hosted by Obidehye Kofi, Tamakloe argued that government should focus on addressing the root causes of mismanagement within state institutions rather than handing them over to private entities.
According to him, if mismanagement is the justification for privatizing ECG, then authorities must identify and eliminate the factors responsible for the inefficiencies while allowing the institution to operate effectively under state control.
He further maintained that previous privatization efforts involving state-owned companies have not yielded the expected benefits for the country, insisting that such policies have often failed to improve conditions for ordinary Ghanaians.
Meanwhile, Dr. Theo Acheampong had earlier explained on Joy FM that the proposed private sector participation is being undertaken jointly by the Government of Ghana and the International Monetary Fund (IMF) to help address persistent commercial and technical losses within ECG and improve efficiency in electricity distribution nationwide.
He noted that the reforms are expected to begin “end of year going into early next year,” despite opposition from organised labour groups.
By: Bernard Mensah |Planbfmonline.com
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