GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home Business

Workers Union Calls For Dialogue On ECG Privatisation

April 7, 2017
in Business
Share on FacebookShare on Twitter

The Public Utility Workers Union (PUWU) of the Trade Union Congress, Ghana has called on government to expedite action on the proposed dialogue with key stakeholders on the planned concession arrangement of Electricity Company of Ghana (ECG).

You Might Also Like

Nana Akufo-Addo Has Won 2020 Ghana Elections with 51.7% of the Vote

Online Casino Best-Themed Games

Utilize Reliable Exam Dumps to Attain Cisco 300-320 R&S Certification Easily

The dialogue will solicit ideas that will sufficiently affect the positive decisions that will inure to the benefit of the citizenry in the country.

Mr Michael Adumatta Nyantakyi, the General Secretary of the PUWU, told the GNA in an interview that the long delay on the part of government concerning the consultation process created the impression that the President was dragging his feet on the issue.

He said the Union was opposed to the handing over of ECG to a private entity for 25 years.

The Union was also against the single concession, which was tantamount to creating a virtual private monopoly in the electricity distribution.

He said the concessionaire, would not have any commitment to the social dimension of ECG’s operations, which would adversely affect rural electrification and undermine government’s ‘one district, one factory’ agenda.

He said Ghana was to receive a grant of US 498.2 million to revamp the energy sector and a major condition precedent for the assessment of the grant was the private sector participation in the ECG.

He said the President promised that he would undertake consultation with stakeholders including labour, before the decision on the ECG privatisation.

He said three months into his administration; the Union believed that it was time for concrete actions to be taken for the proposed dialogue to be initiated with the labour front and other stakeholders on the Private Sector Participation in ECG.

“As far as we are concern for government to pay all the indebtedness to ECG and hand over the company to the private investor is more or less akin to ‘robbing Peter to pay Paul,’” he added.

He urged Ghanaians not to lose sight of the dangerous potential of Article 7.1 of the Millennium Challenge Compact II, which seeks to override the laws of Ghana and by extension; the private investor would not be bound by the tariff guidance set by the Public Utilities Regulatory Commission.

Mr Adumatta Nyantakyi said government had a choice between one that satisfied the profit motive of the foreign investor or that which would in the ling-term help contribute money to the consolidated fund.

Also, it is a choice between an option that would lead to repatriation of profit from Ghana as against an option that profits would be retained in the country, he added.

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: africacongressEconomic Community of West African Stateseconomyelectricity distributionenergy sectorGeneral SecretaryghanaMichael Adumatta Nyantakyipoliticspresidentprivate investorPublic Utilities Regulatory CommissionPublic Utility Workers UnionStakeholderUnited Statesworld

Related News

Covid-19: President Akufo-Addo To Address Ghanaians Tonight

Nana Akufo-Addo Has Won 2020 Ghana Elections with 51.7% of the Vote

by ghanastar
December 9, 2020
0

Nana Akufo-Addo won Ghana’s national election, becoming president-elect at the third attempt and cementing the country’s reputation as a standard-bearer...

Online Casino Best-Themed Games

Online Casino Best-Themed Games

by ghanastar
July 9, 2020
0

Whether you like casino games or not, we can all agree that people like themes, and they express their lover...

Utilize Reliable Exam Dumps to Attain Cisco 300-320 R&S Certification Easily

by ghanastar
July 14, 2020
0

Cisco’s certifications are among the most popular credentials for IT professionals. The company is considered to be one of the...

Burkina Faso: Attack on Church Kills at Least 14

by
December 1, 2019
0

At least 14 people have been killed after gunmen opened fire inside a church in Burkina Faso. The victims were...

Next Post

Wenger Provides Alexis Contract Update

Nine Planes Destroyed By US Strike On Syria Base

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Government of Ghana Unveils Official Portraits of President John Dramani Mahama and Vice President Prof. Naana Jane Opoku-Agyemang
  • Who Is the Woman (Sheena Gakpe) in Sarkodie’s Latest Hit “No Sir” and Why Everyone Is Talking about It
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com