The government has been urged to explore the partial privatisation of the Electricity Company of Ghana (ECG) as a means to address the growing debt crisis in the energy sector. The recommendation was made during the Structural/Policy Reforms session at the National Economic Dialogue.
Former Ghana National Petroleum Corporation (GNPC) CEO, Dr. K.K. Sarpong, who presented the group’s findings, argued that private sector participation could improve efficiency, enhance revenue collection, and minimize financial losses.
“If you introduce private sector participation, the drive towards commercialisation is more likely to succeed. This could also pave the way for a future stock market listing to raise funds both locally and internationally,” Dr. Sarpong stated.
Advocating for a broader ownership structure, he added, “I believe in democratic capitalism—many people should have the opportunity to invest in national assets.”
Beyond the energy sector, Dr. Sarpong also outlined key policy reforms to restore the Ghana Cocoa Board (COCOBOD) to profitability. He emphasized the need for greater operational efficiency, cost-cutting measures, and a reassessment of the board’s financial structure to ensure long-term sustainability in the cocoa industry.
