TUC rejects World Bank private sector participation plan for ECG and NEDCo

The Trades Union Congress (TUC)-Ghana has rejected the World Bank's proposal for private sector participation (PSP) in the operations of the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCo). The union accused the World Bank of being "disingenuous" in its description of the proposed arrangement and warned that it would resist what it considers an attempt to privatize Ghana's electricity distribution sector.

The TUC took particular issue with the World Bank's Country Director's claim that the proposed PSP involved only revenue collection, stating that this characterization does not reflect the model proposed by the Transaction Advisor appointed at the instance of the World Bank and the International Monetary Fund (IMF).

Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.