Renegotiation of Compact II agreement will save ECG workers’ job- VEEP

    /    Apr 24, 2017   /     Business  /    0 Comments  /    75 Views

Vice President, Dr. Mahamudu Bawumia has assured of no job layoffs under the Millennium Power Challenge Corporation Power Compact Two agreement.

This follows an arrangement to renegotiation the deal with US authorities.

Under the Compact Two agreement, government is expected to allow private sector participation in the Electricity Company of Ghana management for the country to benefit from a cash injection of about 500 million dollars, something workers of Electricity Company of Ghana (ECG) have heavily disapproved.

Some months back the staff of ECG workers across the country demonstrated at their offices to protest the privatisation of the company, with the reason being they will lose their jobs if a foreigner is allowed to take charge of the power company.
The workers who were clad in red and black attire sang and danced amidst drumming to mark last year’s (2016) Public Service International Day.
Some of the placards read: “Protect ECG; ECG should not be sold; Mr. President; Do not sell ECG” among others in the bid to stop the concession.

Speaking to journalists on the sidelines of the ongoing spring meetings in Washington, the Vice president said the renegotiation will protect ECG workers.

“We are renegotiating the agreement in a sense to make sure in this concession agreement,   has majority Ghanaian ownership of the concession.., secondly we have to have an assurance that there will be no lay offs at ECG and also it will be managed by Ghana.”

He said they have had an agreement on that, adding that it is good news for the country.

Suraya Alidu Malititi | kapital971.com

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