Finance

Government must diversify entities it can’t maintain and run – Otumfuo on GRIDCo, ECG, others

Asantehene, Otumfuo Osei Tutu II, has urged the government to diversify companies it cannot maintain and run efficiently.

According to him, there are several government companies and entities that are struggling that can do well with private partnerships.

He disclosed this during the commissioning of a 430-kilometre natural gas pipeline by Genser Energy from Nyinahin to Anwomase in the Ashanti Region.

“It’s about time that the government realizes that it’s not going to work for the government to be involved in setting up companies without involving the private sector, it doesn’t work.

“The government should confront policies and involve the private sector and you can attract more investors into the country which will create more employment.

“VRA and others are all government establishments, let’s give it out and diversify them into the private sector and get more money there and get the right people to do it.

“GRIDCo and others let’s give them the money and get the qualified people… and let them work. Electricity Company is in a situation where we don’t know, but that also must be diversified and given to the private sector,” Otumfuo stated.

He continued: “Why are we still holding on when we don’t have the money? We’re not able to collect all the taxes we want, we’re going to IMF and all those for money. We’re hanging on to industries we cannot maintain and run.

“It’s about time we face reality and decide on what government should be doing and what the private sector should be doing. This is a testimony of the private sector and they were able to attract investors,” he stressed.

 

Source: starrfm.com.gh

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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