Audio By Carbonatix
The Information ministry addressed the media on controversies surrounding government's termination of its concession agreement with Power Distribution Services (PDS).
Wednesday’s press conference comes after Ghana lost a $190 million granted by its US partners as part of a power concession agreement.
The US Embassy on Tuesday said the Millennium Challenge Corporation (MCC) confirmed that the money is no longer available after Ghana decided to terminate the concession agreement with Power Distribution Services (PDS).
The money was available upon a successfully executed concession agreement, the statement said.
“Based upon the conclusions of the independent forensic investigation, the U.S. position is that the transfer of operations, maintenance, and management of the Southern Distribution Network to the private concessionaire on March 1, 2019, was valid and therefore the termination is unwarranted,” the US Embassy said.
Government, however, decided to terminate the agreement over material and fundamental breaches from PDS.
The Information Minister gave an update on government’s next line of action.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Pray – THE LAW 101: The Vacation Roster dilemma and the reality of Court Recess (Part II)
20 minutes -
Trump hid in catering truck in secret plane swap over Iran threat, reports say
26 minutes -
Inside the Secret Service ‘shell game’ to hide US presidents in plain sight
28 minutes -
GEA seeks Gender Ministry’s support for Female Future Programme
39 minutes -
Driver beaten to death over misunderstanding at Gomoa Achiase
49 minutes -
Bagre Dam spillage: 68 communities in Northern region alerted as Burkina Faso monitors water levels
50 minutes -
ECG announces power outages in Central, Eastern and Western Regions on Thursday
54 minutes -
THE LAW 101: Tempus Non Currit – Why the sacred silence of the Legal Vacation protects justice (Part I)
2 hours -
God does not take campaign instructions
2 hours -
Government moves to address rising accommodation costs at KNUST
2 hours -
Cristiano Ronaldo marries longtime love Georgina Rodríguez in Portugal
2 hours -
Political parties, judiciary must reform themselves to protect Africa’s democracy – Asiedu Nketia
2 hours -
Luv FM High School Debate: T.I AMASS advances as IBASS makes impressive debut
2 hours -
Greater Accra Business Merit Awards honours SIM Group of Companies
2 hours -
Cyberbullying : When social media becomes a tool for public humiliation
2 hours