Blog

Government Suspends Pds Agreement

Ghana government talks Millennium Challenge Corporation (MCC) say go as restricted tender procedures to replace PDS before December 31, 2019. He said the government learned of this due diligence after retailing was handed over to PDS in March of this year. If the government waited for due diligence before the acquisition, it may have missed the deadline. But the Information Minister said: «To avoid doubts, the provision of the payment guarantee has always been a prerequisite and has never been changed to a condition that was then speculated by some people.» But the government is putting in place the concession agreement for July of the afta of the discovery of the request for guarantees to be falsified. He said the government wanted to secure ECG assets that had been handed over to pdS as part of the concession agreement. Despite the release in August, the SDP remained suspended and the government has now decided to denounce the agreement, sources say. PDS was suspended after the government said it suspected the deal was tainted by fraud. Purchasing expert Kwabena Atta Bedu said forcefully that the government`s decision is so strange that even if the Al Koot officer who signed the documents had exceeded his authority, this offence could have been easily corrected. He does not understand why the government took a measure of extreme enough to suspend the agreement, only because of an alleged offence that could be corrected. The government suspended the concession contract with Power Distribution Services (PDS) and again fully controlled the Ghana Electricity Company (ECG) via electricity distribution. In a letter dated February 21, 2019, Cal Bank wrote to the Millennium Development Authority notifying them of receipt of $8 million in fees and issuance fees for $350 million in application guarantees.

In May, the last $4.25 million was paid by the PDS account at Cal Bank. However, the government suspended the PDS concession contract on suspicion of falsification of guarantees. Information Minister Kojo Oppong Nkrumah said the SDP had not met certain essential and fundamental conditions to make the agreement valid. The Ghanaian government announced on Wednesday the suspension of a concession contract it signed with Power Distribution Services (PDS) Ghana Limited to manage the assets of the Electricity Company of Ghana (ECG) for 20 years. The concession agreement with Power Distribution Services was terminated on the instruction of President Nana Akufo-Addo, leading sources myjoyonline.com said.

Comments are closed, but trackbacks and pingbacks are open.