{"id":109041,"date":"2025-12-29T18:31:24","date_gmt":"2025-12-29T18:31:24","guid":{"rendered":"https:\/\/sotnews.agency\/?p=109041"},"modified":"2025-12-29T18:31:24","modified_gmt":"2025-12-29T18:31:24","slug":"ecg-can-be-salvaged-without-private-investors-tuc-deputy-secretary-general","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=109041","title":{"rendered":"ECG can be salvaged without private investors -TUC Deputy Secretary-General"},"content":{"rendered":"
\n
\n \t<\/i> Read Time:<\/span>1 Minute, 55 Second <\/div>\n\n <\/div>
\n

The Deputy Secretary-General of the Trade Union Congress (TUC), Dr Kwabenya Nyarko, has rejected claims that private or foreign capital is necessary to revive the Electricity Company of Ghana (ECG).<\/p>\n

He insists that workers, in partnership with government, can turn the company around without privatisation.<\/p>\n

This follows a disclosure by the International Monetary Fund (IMF) that the ECG is expected to be taken over by a private sector operator as part of ongoing reforms in the country\u2019s energy sector.<\/p>\n

Speaking on JoyNews\u2019 The Pulse<\/strong> on Monday, December 29, he revealed that workers of the Public Utilities Workers\u2019 Union (PUWU) and ECG are prepared to \u201cgo the extra mile\u201d to rescue the power distributor, describing ongoing efforts as only the beginning.<\/p>\n

According to him, recent collaboration between workers and government has already yielded significant revenue gains within a short period, demonstrating ECG\u2019s potential to recover without private sector participation.<\/p>\n

\u201cIf in five months, by working together as a team with government, we have been able to raise revenue to such a significant level, then it means we have shown that we can do it,\u201d he stated.<\/p>\n

Dr Nyarko assured that labour unions are ready to adopt additional measures, alongside government, to salvage ECG and preserve it as a strategic national asset, stressing that privatisation is neither inevitable nor necessary.<\/p>\n

\u201cThere are other measures that government and workers must take, and we will do our part to ensure ECG does not require any private sector involvement,\u201d he added.<\/p>\n

Dr Nyarko said the argument that foreign investors bring much-needed capital has repeatedly been used to push Ghana into privatisation deals that ultimately fail to deliver on their promises.<\/p>\n

He cited the privatisation of Ghana Telecom, which later became Vodafone and now Telecel, as a clear example. According to him, the deal was sold to Ghanaians on assurances of fresh capital injection, technology transfer, and job creation, but instead resulted in the loss of about 4,000 jobs.<\/p>\n

\u201cIn this country, we have too many examples of private foreign companies coming with promises to invest, but at the end of the day, they come up with nothing,\u201d he said.<\/p>\n

Dr Nyarko argued that such promises often serve as bait to force the country into privatisation, while the expected capital injections \u201cnever materialise.\u201d<\/p>\n<\/div>\n

\n
\n \n
\n \n \"Happy\"\n <\/a>\n
\n Happy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sad\"\n <\/a>\n
\n Sad <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Excited\"\n <\/a>\n
\n Excited <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sleepy\"\n <\/a>\n
\n Sleepy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Angry\"\n <\/a>\n
Angry<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n \n <\/div>\n <\/div>\n\n
\n \n \"Surprise\"\n <\/a>\n
Surprise<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n <\/div>\n\n ","protected":false},"excerpt":{"rendered":"
\"ECGThe Deputy Secretary-General of the Trade Union Congress (TUC), Dr Kwabenya Nyarko, has rejected claims that private or foreign capital is necessary to revive the Electricity Company of Ghana (ECG).<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[14668,2227,2047,1883,117,10,9,2026],"tags":[],"class_list":["post-109041","post","type-post","status-publish","format-standard","hentry","category-dr-kwabenya-nyarko","category-ecg","category-hp-news-9","category-national","category-news","category-politics","category-popular","category-tuc"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/109041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=109041"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/109041\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=109041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=109041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=109041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}