{"id":4391,"date":"2024-04-22T06:45:07","date_gmt":"2024-04-22T06:45:07","guid":{"rendered":"https:\/\/sotnews.agency\/?p=4391"},"modified":"2024-04-22T06:45:07","modified_gmt":"2024-04-22T06:45:07","slug":"you-cant-privatise-ecg-vra-gridco-for-security-reasons-bawa","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=4391","title":{"rendered":"You can\u2019t privatise ECG, VRA, GRIDCo for security reasons \u2013 Bawa"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 8 Second <\/div>\n\n <\/div>

The Ranking Member on the Energy Committee of Parliament, Edward Bawa has explained that the state\u2019s power generation and distribution outlets cannot be privatised due to the security implications.<\/strong><\/p>\n

He said power generation for economic development is so vital that it cannot be placed solely in the hands of private entities.<\/p>\n

\u201cFor security reasons, you cannot privatise ECG, VRA and GRIDCo. You can make the private sector play a part, but you can\u2019t hand over everything,\u201d he said on Key Points, April 20, 2024.<\/p>\n

The topic for discussion was the suggestion by the Asantehene Otumfuo Osei Tutu II, that government must focus on formulating policies for effective governance of the various sectors of the economy.<\/p>\n

Privatise GRIDCo, VRA and ECG \u2013 Otumfuo tells govt<\/a><\/p>\n\n

Speaking during the commissioning of a 430-kilometre natural gas pipeline by Genser Energy, in Kumasi on Wednesday, April 17, he said \u201cIt\u2019s about time that the government realizes that it\u2019s not going to work for the government to be involved in setting up companies without involving the private sector, it doesn\u2019t work. The government should concentrate on policies and involve the private sector and you can attract more investors into the country which will create more employment.<\/p>\n

\u201cVRA and others are all government establishments, let\u2019s give it out and diversify them into the private sector and get more money there and get the right people to do it. GRIDCo and others let\u2019s give them the money and get the qualified people, diverse government from it and let them work. Electricity Company is in a situation where we don\u2019t know, but that also must be diversified and given to the private sector.<\/p>\n

However, Mr Bawa stressed that a Public-Private-Partnership (PPP) is the way to go.<\/p>\n

You can\u2019t list an unprofitable company on Stock Exchange \u2013 Energy expert on Asantehene\u2019s suggestion to privatise ECG, VRA, GRIDCO | 3News<\/a><\/p>\n

Speaking on the same show, an energy expert, Kojo Poku said that it is not feasible to list an unprofitable company on the Ghana Stock Exchange.<\/p>\n

According to him, such a venture will not yield the desired outcome.<\/p>\n

\u201cI agree with the Asantehene. There are many more state-owned enterprises that I think must be privatised. I am for the divestiture of some state-owned enterprises. However, before you can list them, the company should be making profit. You cannot list an unprofitable organization on the stock exchange,\u201d he explained.<\/p>\n

\u00a0<\/p>\n

The post You can\u2019t privatise ECG, VRA, GRIDCo for security reasons \u2013 Bawa<\/a> first appeared on 3News<\/a>.<\/p>

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The Ranking Member on the Energy Committee of Parliament, Edward Bawa has explained that the state\u2019s power generation and distribution outlets cannot be privatised due to the security implications. He… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","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":[12],"tags":[],"class_list":["post-4391","post","type-post","status-publish","format-standard","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/4391","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=4391"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/4391\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}