Audio: There’ll Be No Job Cuts At ECG – Mahama Assures TUC
President John Mahama has reiterated his assurance to workers of the Electricity Company of Ghana (ECG) that there will be no lay-offs during and after the implementation of the new Millennium Compact.
There is uneasy calm at the ECG following the implementation of the second phase of the compact which is intended to pump capital to revamp the state power distributor. The workers have expressed fear of losing their jobs under the arrangement.
But speaking at the 10th quadrennial congress of the Ghana Trades Union Congress in Kumasi in the Ashanti region, the president said no job will be lost in the process.
“I wish to assure organized labour once again, as President of the Republic, that there would be no lay-offs or retrenchments as a result of the implementation of this compact, I assure you of that,” he stated.
He added: “Based on our agreement, under the compact, about $500 million in grant is to be injected into our power sector to improve generational, transmission and distribution efficiencies over the next five years. The bulk of these resources will go to improve the organizational and operational efficiency of the Electricity Company of Ghana”.