Minister of Energy Boakye Agyarko has rejected proposals that the Electricity Company of Ghana will be privatized under Compact II of the Millennium Challenge Corporation.
He clarified that the nation’s real vitality dispersion body will have its advantages somewhat rented for a long time under the Compact.
Mr. Agyarko made this known on Tuesday, May 23 at a bidders’ meeting for ECG’s concession in Accra. The meeting is gone for choosing the last concessionaire for Electricity Company of Ghana.
The Energy Minister demanded that administration will proceed to possess 100 for every penny of the benefits of the Company. The government is underweight to meet the due date inserted in the Compact to have Electricity Company of Ghana secretly controlled.
A private area support partner board was initiated by the Minister right on time in May 2017 in front of the Tuesday’s gathering.
The government has set out to give no less than 51 for every penny to Ghanaian-possessed substances under the arrangement. There have been fomentations among the work compel of the Company over the arrangement, quite a bit of which needs to do with employer stability.
Yet, the Ambassador of the US, which is discharging the assets for the venture, Robert Porter Jackson, at a meeting of the American Chamber of Commerce a year ago, stated: I don’t imagine that any laborer of Electricity Company of Ghana will lose their occupation as the conservative comes into constraining.
What I can state for certain is it that the reduced makes it clear that amid the initial five years of the minimal, presumably until 2022, each specialist has his or her occupation ensured unless the individual carries out a wrongdoing or any genuine offense. So for the following five years, their work is ensured.
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