New Patriotic Party (NPP) stalwart, Gabby Otchere-Darko says the Power Distribution (PDS) did not commit any fraud in a botched power agreement with government.
According to him, he cannot fault anyone for the PDS debacle and called for Ghanaians to be fair to all individuals and parties that were involved in the deal.
“We should celebrate Ghanaians who are doing well and have sympathy for the Ghanaian shareholders in PDS. They worked very hard but to no avail,” he said.
Government terminated its concession agreement with PDS on the instruction of President Nana Akufo-Addo on Sunday.
The company was engaged in March but since its suspension on July 30, PDS had been embroiled in a corporate governance tussle among the shareholders.
A Ghanaian local consortium holds the 51% of the shares while the remaining 49% shares are for two foreign companies, Manila Electric Company Limited (Meralco), a Filipino company with 30% shares and Aenergia, an Angolan company with 19%.
Foreign player, Meralco offloaded its shares to Meridian Power Ventures Ltd, a letter to a key transaction advisor, the US-backed Millenium Development Authority (MiDA) confirmed.
In an interview on Asempa FM’s Ekosii Sen, Mr Otchere Darko, who is related to President Akufo-Addo stressed that he believes what has been described as fraud detected in the agreement was not from PDS.
“I was not for this whole ECG concession and have no interest in PDS but I believe PDS did not commit any fraud but if there is anything fraud then it is from Jo Australia and Al Koot,” he said.
To Gabby Otchere-Dako, no new company was added to bid for the concession after NPP took over and so he expects those claiming the whole PDS is a family and friends deal to stop criticising government.
“All six companies were shortlisted before Akufo Addo assumed power so what is family and friends. Akufo Addo did not like the 80-20 arrangement in the ECG concession when he became president so fresh discussions were started,” he added.
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
-
Our last call lasted only 16 seconds – MCE on conversation with late Samuel Aboagye
2 minutes -
Nana Konadu Agyeman-Rawlings lays wreath in honour of helicopter crash victims
7 minutes -
BoG targets credit risk, liquidity and reserve requirements of banks in new regulatory measures
9 minutes -
Adom TV debuts ‘Girls Can Talk’ show for unfiltered dialogue on women’s issues
30 minutes -
Poetry and visual art intertwine at ‘the triune being’ exhibition
31 minutes -
Hundreds of NPP youth organisers pick nomination forms for Bawumia at party HQ
36 minutes -
6 life-changing lessons from Greater Works 2025 Conference you can apply today
41 minutes -
Retired Air Force officer urges patience as Adansi helicopter crash black box undergoes analysis
44 minutes -
PNP rejects temporary fund for air crash victims’ families, demands permanent welfare law
1 hour -
Retired Air Force officer downplays severe weather as possible cause of helicopter crash
1 hour -
Should we all be taking vitamin supplements?
1 hour -
Austrian Ambassador visits Academic City to explore partnership opportunities
2 hours -
Let’s not rush in selecting Murtala’s successor – Asiedu Nketia to NDC
2 hours -
NAFCO commiserates with gov’t families of helicopter crash victims
2 hours -
UK porn site traffic plunges as age verification rules take effect
2 hours