ECG is back as gov’t suspends PDS agreement

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Government has suspended its concession agreement with the Power Distribution Services (PDS) bringing back the Electricity Company of Ghana (ECG) in full control. 

According to Kojo Oppong Nkrumah, the Information Minister, the decision was taken after government detected “fundamental and material breaches of PDS’s obligation in the provision of Payment Securities (Demand Guarantees) for the transaction which have been discovered upon further due deligence.”

Below is the statement from government 

Source: Ghana| Myjoyonline.com |Abubakar Ibrahim

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