Audio By Carbonatix
Power Distribution Services (PDS) Ghana Ltd has secured its business operating license to aid the takeover of the Electricity Company of Ghana (ECG).
This would help PDS Ghana have the legal mandate to directly run operations at the ECG.
At an official ceremony in Accra, the Executive Secretary of the Energy Commission Dr Ofosu Ahenkorah presented the various licenses to officials of PDS Ghana as well as ECG.
Government’s expectations
Speaking at the Program, Senior Minister Yaw Osafo Marfo charged the new managers of ECG to justify the management takeover of ECG, adding that “with the right level of investments, ECG’s high revenue losses can be reduced”
Finance Minister Ken Ofori Atta on his part noted that the government took the decision to allow private participation in the Electricity Company of Ghana because they wanted to help transform the operations of the power distribution firm.
He noted that the government is hopeful they would be able to live up to expectation.
US Ambassador to Ghana, Stephanie Sullivan was optimistic the new management deal would help to create more jobs in the economy.
Government’s expectations
Speaking at the Program, Senior Minister Yaw Osafo Marfo charged the new managers of ECG to justify the management takeover of ECG, adding that “with the right level of investments, ECG’s high revenue losses can be reduced”
Finance Minister Ken Ofori Atta on his part noted that the government took the decision to allow private participation in the Electricity Company of Ghana because they wanted to help transform the operations of the power distribution firm.
He noted that the government is hopeful they would be able to live up to expectation.
US Ambassador to Ghana, Stephanie Sullivan was optimistic the new management deal would help to create more jobs in the economy.

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
-
Ghanaian-American sentenced to 17 years for leading US$38m global email fraud scheme
11 minutes -
EXIM Frozen Foods Association opposes proposed reintroduction of Smart Port Note system
14 minutes -
Selling single cigarette sticks is illegal – FDA
15 minutes -
Ghana signs $1.5bn AgriConnect Compact with World Bank and IFAD to create 2.6m jobs
15 minutes -
Spain cancels DR Congo World Cup warm-up match against Chile over Ebola concerns
31 minutes -
McDan Group founder Dr Daniel McKorley Honoured at Ghana CEO Summit
39 minutes -
Gov’t, Police give GH₵15,000 to each family affected by Accra Police Barracks Fire
44 minutes -
15 universities, top artistes as WatsUp On Campus hits the road
44 minutes -
Regional Health Directorate condemns refusal of rural postings as AHRMPHG inaugurates Upper West
48 minutes -
Veep visits Accra Central Police Barracks fire scene, calls for accountability and preventive action
56 minutes -
Zelensky proposes face-to-face talks in open letter to Putin
1 hour -
Ghana needs a SMART tunnel to solve flooding: Lessons from Kuala Lumpur for Accra’s future
1 hour -
Fitch revises oil forecast for 2026 to US$87 per barrel
1 hour -
South Africa, Mozambique abstain from adoption of African Family Values Charter in Accra
1 hour -
Tech consultant questions feasibility of porn site ID verification in Ghana
1 hour