In a press release, the Ministry clarified that Cabinet, under the leadership of President John Dramani Mahama, approved the Private Sector Participation in ECG in April 2025 as part of a broader reform agenda aimed at improving billing and revenue collection, enhancing service delivery, and reducing aggregate technical and commercial losses within the company.

While acknowledging significant improvements in ECG’s overall performance since January 2025, the Ministry noted that critical operational and financial challenges persist. These challenges, it said, continue to threaten the company’s financial sustainability and the stability of Ghana’s power sector if not adequately addressed.

The Ministry stressed that “Government of Ghana does not intend to, and will not, sell ECG.” The approved PSP framework, according to the ministry is not a divestiture. Instead, it involves the strategic deployment of private sector expertise through multiple concession arrangements to support and improve specific operational areas of the company.

The Ministry affirmed its commitment to maintaining open and constructive dialogue with PUWU to address the Union’s concerns. It urged calm and restraint while engagements continue in good faith. The Ministry explained that the selection of a transaction advisor is purely a technical and procedural step to structure the PSP framework and does not imply an outright sale of ECG.

It reaffirmed the government’s dedication to protecting workers’ interests, strengthening ECG, and ensuring a reliable, efficient, and sustainable power sector for all Ghanaians.