The privatization of state assets has been characterized by fraud

The privatization of state assets has been characterized by fraud, says Dr. Steve Manteaw, the Campaign Coordinator of the Integrated Social Development Centre (ISODEC). “The agreement has suffered some setbacks in the past because some workers of [Electricity Company of Ghana] complained that the deal is not in the interest of the country, hence the agreement was unable to go through in the previous administration. After government proposed the 51% local content, workers of ECG changed their stance however, the foreign partners also have issues with the new percentages being proposed.” But Manteaw “said the move will not necessarily make ECG more efficient, citing previous experiences in the case of P and T converted to Ghana Telecom and later sold to Vodafone.”