26.2 C
Accra
Wednesday, December 1, 2021
No menu items!

Mixed reactions towards botched PDS, ECG pact

Must Read

GACC & partners convene project on combating corruption in Health & Education in West Africa

By Rebecca Ekpe The Ghana Anti-Corruption Coalition, (GACC) and PRADA, with support from Open Society Initiative for West Africa (OSIWA)...

Stop acts that nurture extremist tendencies- NCCE

By Hannah Dadzie. The National Commission for Civic Education (NCCE), says Ghana should not be complacent to think the peace...

Be vigilant!- Police cautions ahead of Christmas

By Ama Serwa Bediako The Accra Regional Police Command has cautioned residents, particularly vehicle dealers to be vigilant ahead of...

Government`s suspension of the concessionary agreement with Power Distribution Company, PDS, has aroused public outrage while some have commended government for the action, others have chastised it for failing to do proper due diligence before approving the concession.

But Insurance Expert, Edgar Wiredu believes the mixed reactions that have greeted the PDS suspension is as a result of the conflicting information passed on to the public.

Mr. Wiredu explained that the bone of contention is with the performance bond document guarantee PDS presented to government and has nothing to do with ECG`s eighteen billion assets being mismanaged by PDS.

Touching on ACEP`s call for government to sanction MIDA and its affiliate agencies for not scrutinising the agreement properly before its approval, Mr. Wiredu said government has no control over MIDA and therefore ACEP’s call is inappropriate.

The Africa Centre for Energy Policy, ACEP, is calling for the interdiction of the leadership of the Millennium Development Authority, MIDA, to allow for thorough investigations into alleged fraudulent misrepresentation in the ECG concessionaire agreement, with the Power Distribution Services, PDS.

At a news conference in Accra, Executive Director of the Centre, Ben Boakye, said though  ACEP is not surprised about government’s suspension of the contract, it is worrying that MIDA did not do due diligence on the payment of securities provided by PDS.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

GACC & partners convene project on combating corruption in Health & Education in West Africa

By Rebecca Ekpe The Ghana Anti-Corruption Coalition, (GACC) and PRADA, with support from Open Society Initiative for West Africa (OSIWA)...

Stop acts that nurture extremist tendencies- NCCE

By Hannah Dadzie. The National Commission for Civic Education (NCCE), says Ghana should not be complacent to think the peace it is enjoying cannot be...

Be vigilant!- Police cautions ahead of Christmas

By Ama Serwa Bediako The Accra Regional Police Command has cautioned residents, particularly vehicle dealers to be vigilant ahead of the yuletide. According to the...

President Akufo-Addo attends National Black Caucus of State Legislators Conference in US

By Doreen Ampofo. President Akufo-Addo has left Accra for Georgia, Atlanta in the United States of America. The President left on Tuesday, November 30, 2021, to...

2022 Budget Approved without Minority

By Edzorna Francis Mensah & Bubu Klinogo. The Majority in Parliament led by MP for Suame and Leader of Government business, Osei Kyei-Mensah-Bonsu on Tuesday,...

More Articles Like This