Minister of Energy, Boakye Agyarko has tasked the new ECG Board to ensure that the USD 498.2 million grant obtained under the Ghana Power Compact makes the sector viable and relevant.
As part of the Private Sector Participation (PSP) under a 20-year concessional arrangement the grant was acquired from the Millennium Challenge Corporation (MCC), a United States Government foreign aid agency for disbursement over a five-year period.
The Minister therefore inaugurated an eight-member Board to guide ECG attain such fate. The membership includes Mr. Keli Gadzekpo; Chairman, Ing. Mrs. Carlien Dorcas Bou-Chedid, Ing. Samuel Boakye-Appiah, Madam Maataa Opare and Alhaji Amadu Kaleem – are all members. The other members are Mr. John Kojo Arkorful, Hon. Mathew Nyindam and Mr. Odeneho Kwaku Appiah.
Speaking at the inauguration held at the Ministry, Mr. Boakye Agyarko retorted that ECG's output is pivotal to the development agenda of the government, hence the board is to ensure that the funds are focused exclusively for investments in the power sector.
The board has also been tasked to offer the necessary strategic direction for ECG to fulfill its mandate of providing quality, safe and reliable electricity services to support the economic growth and development of Ghana and as well become internationally relevant.
ECG over the years has been challenged on issues including deficiencies in corporate governance, management, operations and finance. Aside these, agitations by staff have been a piercing issue concerning layoffs as ECG is about to be managed by a concessionaire. And with this, the Board is expected to provide leadership, the needed incentives and innovations to improve the general performance of the company.
They however have an assurance that there will be “no involuntary layoffs of ECG staff as a result of the concession”. The Board is therefore expected to expedite actions to solving all the outstanding labour and allied issues in the most diligent manner.
The Millennium Development Authority (MiDA) is the implementing agency for the Private Sector Participation (PSP) in the concessional arrangement.
ECG still remains the asset owner on behalf of the Government of Ghana whilst the concessionaire is expected to pay for the use of ECG's assets.
Ghana |Atinkaonline.com |Patrick Ofoe Nudzi |Patrick_nofoe@yahoo.com