Justice Ing. Ohene Akoto, Govt Director, African Sustainable Vitality Heart (ASEC)
The Govt Director of the African Sustainable Vitality Heart (ASEC), Justice Ing. Ohene Akoto, has supported the decision for personal sector participation within the business operations of the Electrical energy Firm of Ghana (ECG), saying the transfer might be a game-changer for the ability sector.
His feedback come amid rising debate over the Worldwide Financial Fund’s (IMF) suggestions for better non-public sector involvement in ECG tasks underneath Ghana’s present IMF-supported programme.
Mr. Ing was interviewed by JoyBusiness. Mr Ohene Akoto stated ECG was nonetheless dealing with important business losses, impacting the monetary stability of the power sector.
“Non-public sector participation is an efficient factor and a recreation changer,” he stated. “The business sector of the ECG requires non-public participation.”
He stated that whereas technical losses throughout the distribution system stay inside acceptable limits, business losses have elevated sharply lately.
“Industrial losses are over 30 p.c,” he stated. “Let’s deliver a business-oriented method to the system.”
He argued that involving non-public firms in income assortment would enhance effectivity, strengthen accountability and introduce competitors into the sector.
He added: “We should always herald numerous non-public sector companions who may have a income assortment position.” “PURC will proceed to control, however competitors will make the non-public sector extra revolutionary.”
Latest estimates counsel that ECG losses might attain as much as 40% in 2025, primarily attributable to energy theft, unlawful connections, meter studying points, and unpaid payments.
Ing. Ohene-Akoto additionally argued that chopping losses within the power sector would ease stress on authorities funds, permitting extra assets to be directed to different sectors of the economic system.
His feedback comply with the IMF’s protection of personal sector participation within the ECG’s work. Dr Reuben Atoyan, Head of the IMF Delegation to Ghana, has made it clear that the IMF isn’t calling for the total privatization of the ECG, however somewhat reforms geared toward bettering effectivity and stabilizing the ability sector.
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