Close Menu
    Trending
    • 31 business leaders receive honours at Ghana Entrepreneurs Foundation’s 15th anniversary
    • African Paralympic Committee President concludes Nigeria visit ahead of Games
    • Mid-Year Budget delivers numbers, not jobs – Prof Charles Ackah warns of hollow gains
    • Hearts of Oak recruit youngster Frank Duku to bolster squad ahead of new season
    • NSMQ 2025: Achimota School dethrones Presec to win Greater Accra championship title
    • We don’t need to sign Maradona or Pele for CAF Champions League campaign – GoldStars coach
    • Lancaster University Ghana empowers future tech leaders through emerging technologies weekend programme
    • We all need stronger voices to challenge us
    zamzamupdate.com/ News on the GO
    • Home
    • Ghana News
    • News Updates
    • Sports
    • Business
    • Politics
    • Entertainment
    zamzamupdate.com/ News on the GO
    Home»Business»Cabinet approves private sector participation in ECG, NEDCo – Dr. Forson
    Business

    Cabinet approves private sector participation in ECG, NEDCo – Dr. Forson

    ZamZam UpdateBy ZamZam UpdateApril 24, 2025No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The Finance Minister Dr. Cassiel Ato Forson has disclosed that cupboard has accepted the proposed personal sector participation within the Electrical energy Firm of Ghana (ECG) and Northern Electrical energy Distribution Firm (NEDCo).

    He added that the Legislative Instrument has been subsequently submitted to Parliament.

    “Cupboard has already accepted personal sector participation, and now we have submitted the Legislative Instrument to Parliament to allow aggressive procurement for energy crops. These are important steps towards bringing transparency and sustainability to the sector”, Dr. Forson mentioned in a Fb publish.

    He insisted that the Power Compact has come on the proper time with the potential to make a long-lasting affect if the method will not be delayed.

    “Time is of the essence. We should act swiftly to show this round for the nice of our financial system and the well-being of our individuals”, he mentioned.

    Ghana’s energy sector is saddled with a $2 billion debt, which has change into a priority for the present administration.

    Dr. Forson emphasised that Ghana’s power sector is at present the largest financial threat the nation faces.

    “This problem goes past tariffs. The whole power worth chain requires pressing reform. Inefficiencies, particularly within the distribution sector, are being handed onto the unusual Ghanaian by excessive tariffs. ECG alone may lower the shortfall by half if it addresses these inefficiencies,” he mentioned.

    DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.



    Source link
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous Article Large explosions  at Russian ammunition depot
    Next Article Burkina Faso junta cracks down after alleged coup attempt – Details inside
    ZamZam Update
    • Website

    Related Posts

    Business

    Mid-Year Budget delivers numbers, not jobs – Prof Charles Ackah warns of hollow gains

    August 2, 2025
    Business

    Lancaster University Ghana empowers future tech leaders through emerging technologies weekend programme

    August 2, 2025
    Business

    Ghana Hubs Network rallies innovation ecosystem for resilience and inclusion

    August 2, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    UTAG, TUTAG, and CETAG threaten strike over delayed book and research allowance

    June 9, 2025

    National Economic Dialogue: Implementation of recommendations must start now – Finance Minister

    March 5, 2025

    1,600 Ghana National Fire Service personnel pass out to serve nation

    June 21, 2025

    Taiwan pledges chip talks with US, more investment to mollify Trump

    February 14, 2025

    ‘Put down a guarantee or walk away’ – Jinapor warns private players in ECG concession plan

    May 4, 2025
    Categories
    • Business
    • Entertainment
    • Ghana News
    • News Updates
    • Politics
    • Sports
    Most Popular

    31 business leaders receive honours at Ghana Entrepreneurs Foundation’s 15th anniversary

    August 2, 2025

    GBA Bartenders Masterclass returns to redefine mixology in Ghana

    February 2, 2025

    Breaking News: Unknown person stabbed Asante Kotoko diehard supporter Pooley to death

    February 2, 2025
    Our Picks

    Pregnant Woman Killed, One Critically Injured

    May 31, 2025

    W.E.B. Du Bois Museum Foundation Commemorates 40th Anniversary of Historic Du Bois Centre’s Dedication

    June 23, 2025

    How online romance scams led to kidnapping of 2 Ghanaian women in Nigeria – Full story

    May 8, 2025
    Categories
    • Business
    • Entertainment
    • Ghana News
    • News Updates
    • Politics
    • Sports
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Zamzamupdate.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.