Audio By Carbonatix
The Information Minister Kojo Oppong Nkrumah has assured that the PDS saga will not affect Ghana’s relationship with the United States of America.
According to him, there were no crises of confidence between the two countries instead, both countries shared varied opinions on the matter.
“We will continue to cooperate on many other development matters as we have them,” he said at a press briefing, Wednesday.
This comes after the government terminated the deal with the Power Distribution Services, despite stiff opposition from the U.S.
This termination came through following government’s insistence against the US government which insisted that the PDS concession should be sustained in order to save the $498 million compact with the Millennium Challenge Account.
Mr Oppong Nkrumah stated both countries only had a difference in opinion on the PDS matter and that would not hamper their relationship.
However, he mentioned that there is a possibility that the termination of the PDS contract will affect Compact 3.
He revealed that part of the pressure received was that if Ghana failed to agree to maintain PDS, the country will not be included in Compact 3.
Ghana has lost a $190 million granted by its US partners as part of a power concession agreement. A statement from the US embassy Tuesday said the Millennium Challenge Corporation (MCC) has confirmed that the money is no longer available after Ghana decided to terminate the concession agreement with Power Distribution Services (PDS).Meanwhile. the Information Minister has stated that government will continue to engage in this and other matters tied to this concession agreement.
Latest Stories
-
DVLA to expand mobile services to underserved communities in Ghana’s Eastern Corridor of the Northern Region
3 minutes -
GUTA urges GPHA to act swiftly to end Tema Port congestion to avert rising business costs
3 minutes -
Port congestion could undermine 24-hour economy policy – GUTA
4 minutes -
NSA opens three-day window to resolve national service biodata mismatches
13 minutes -
Abu Jinapor highlights increased gold exports after Domestic Gold Purchase Programme
17 minutes -
NPP UK branch calls for independent audit into gold purchasing operations and parliamentary probe
51 minutes -
Zanetor Agyeman-Rawlings pledges decisive action on climate change, galamsey and environmental degradation
55 minutes -
Bawumia was brainchild behind Domestic Gold Purchase Programme – Samuel Jinapor
57 minutes -
Fuel prices set to go up from September 1, Petrol to sell at GHC 16.69 and Diesel, GHC 17.90 – COMAC
59 minutes -
Our World Our People withdrawn due to curriculum duplication, not politics – Adutwum’s spokesperson
1 hour -
GANRAP is essentially a rebranding of Domestic Gold Purchase Programme – Abu Jinapor
1 hour -
I am tired of being in opposition, my goal is to win in 2028 – Boakye Agyarko
1 hour -
Ghana’s road maintenance funding gap deepens as only 37% of needs met – World Bank
1 hour -
Roland Europe Group appoints Opoku Sanaa as Head of Sales, Middle East & Africa
1 hour -
Sammyflex TV’s Roland Amartey girds up for 2026 Ghana Music Awards UK coverage
2 hours