The Ministry of Finance has announced that private sector participation in the Electricity Company of Ghana (ECG) is expected to commence by early 2027.
Dr. Theo Acheampong, a technical advisor at the Ministry of Finance, confirmed the timeline in a recent briefing, signaling the government’s continued push to improve operational efficiency and financial sustainability within the country’s power distribution sector.
The move is part of broader reforms aimed at reducing system losses, enhancing revenue collection, and attracting private investment into ECG, which has long struggled with technical and commercial challenges.
While the specific model of private participation — whether through a concession, management contract, or partial stake sale — has yet to be finalised, the Finance Ministry indicated that discussions with key stakeholders, including development partners and potential investors, are at an advanced stage.
“The target remains early 2027 for full take-off,” Dr. Acheampong is quoted as saying. “We are working to ensure that the transition is smooth and that the interests of workers and consumers are adequately protected.”
Labour unions within the energy sector have previously expressed reservations about private involvement, citing concerns over job security and tariff hikes. However, government officials have pledged to engage all parties to reach a consensus.
Industry analysts see the announcement as a critical step toward addressing ECG’s legacy challenges, including inefficiencies that have cost the state billions of cedis in bailouts and debt accumulation over the years.
The development forms part of Ghana’s broader energy sector recovery programme, supported by international financial institutions.
Further details on the transaction structure and timeline are expected to be outlined in the government’s 2027 budget proposal.
