An Accra High Court will today, Tuesday, 15 November rule on an interlocutory injunction case filed by a group against the government seeking to stop the ceding of part of the Electricity Company of Ghana’s operations and management to a private firm in a concession deal.
The Coalition Against the Concession of ECG argues that the planned privatisation deal is a bad one which must not be allowed to go through.
The governments of Ghana and the United States signed an agreement for the release of the $498,200,000 grant for the improvement of power distribution in the West African country under the second compact of the Millennium Challenge Account.
Under the four-year compact years, Ghana must cede ECG’s management to a private company.
The, compact is the largest U.S. Government transaction to date, under Power Africa, and is expected to serve as an anchor for increased American engagement in Ghana.
The Ghana Power Compact programme consists of 6 major projects each, with a set of activities aimed at contributing to support the transformation of Ghana’s power sector. These six projects are ECG Financial and Operational Turnaround (EFOT) Project, Northern Electricity Distribution Company (NEDCo) Financial Turnaround Project, Access Project, Regulatory Strengthening and Capacity Building project, Energy Efficiency and Demand Side Management Project, and the Power Generation and Improvement Project.
Source: Ghana/AccraFM.com/100.5fm
