Home Of Ghana News Ghana News, Entertainment And More
It has emerged that the Millennium Challenge Corporation (MCC) asked the Ghana government, through the Finance Minister, to reinstate PDS to their original position as managers of Ghana’s power sector before the contract was terminated by Ghana. A letter from MCC to the finance minister sighted by Starr News said …
Read More »Gov’t scheming to plunder ECG assets through PDS share restructure – NDC alleges
The opposition National Democratic Congress (NDC) claims it has intercepted a document that allegedly exposes a clandestine plan by the government to loot the assets of the Electricity Company of Ghana (ECG). The intercepted document, a letter addressed to the Chairperson of Millennium Development Authority (MiDA), Professor Yaa Ntiamoa-Baidu, …
Read More »PDS deal: MiDA shifting blame to Bawumia – ACEP suspects ‘mischief’
Transaction advisors in a concession agreement with energy company, Power Distribution Services (PDS) have been accused of shifting blame after controversy gutted the agreement. In the controversy, Power Distribution Services (PDS) have been found to lack the financial capacity to provide $12.5m in guarantees when they took over ECG management …
Read More »PDS is broke, cannot execute concession deal – Kofi Bentil
Vice President of Policy Think tank, IMANI Africa, Kofi Bentil has said that the Power Distribution Services (PDS) is financially constrained therefore cannot implement the power concession agreement signed with government, ABC News can report. PDS took over the operations of the Electricity Company of Ghana (ECG) after its major …
Read More »PDS/ECG agreement: MiDA report exposes PDS
Some documents meant for the seat of Government sighted by kasapafmonline.com has revealed that the President, Nana Addo Dankwa Akufo-Addo, should waste no time in abrogating the Power Distribution Services (PDS)/Electricity Company of Ghana (ECG) concession agreement since there is no deal. Kasapafmonline.com can authoritatively state that, the MiDA Sub …
Read More »Two PDS impostors caged
Two individuals who acted as staff of the Power Distribution Services (PDS) have been put in remand by the Kyebi Magistrate Court. The two, Okai Samuel, 26, a student at Coaltar Senior High School and Prince Owusu Ansah, 27, also a student of the Accra Technical University, were arrested by …
Read More »PDS Saga: US Embassy rejects Minority call for probe
ABC News Ghana can authoritatively report that the US Embassy in Ghana has dismissed a request by the Minority in parliament for a separate probe into issues of alleged fraud in the PDS-ECG concession arrangement. The Minority in a letter signed by its leader, Haruna Iddrisu, and submitted to the …
Read More »Minority calls for abrogation of PDS concession
Minority in Parliament has called for the immediate annulment of the concession agreement between the Government of Ghana and Power Distribution Services (PDS), describing it as highly inimical to Ghana’s power sector. According to them, the concession, if left to continue had the potential to destabilise the energy sector with …
Read More »EXCLUSIVE: Documents reveal untraceable $12.2m paid by PDS for ECG takeover
Exclusive documents secured by Joy News reveal that Power Distribution Services (PDS) paid the required $12.2 million premium to secure guarantee to finalise the takeover the Electricity Company of Ghana (ECG). However, the documents again reveal that the money never got to the reinsurers in Qatar. In the letter …
Read More »We acted in good faith – PDS
The management of Power Distribution Services (PDS) has stated that the company has always acted in good faith with the contract it signed with the Government of Ghana.The government on Tuesday suspended the power deal it signed with PDS.The decision was communicated via a press release by Information Minister Kojo …
Read More »