{"id":5265,"date":"2019-10-24T14:11:34","date_gmt":"2019-10-24T14:11:34","guid":{"rendered":"https:\/\/www.africa-press.com\/ghana\/?p=5265"},"modified":"2019-10-24T14:11:34","modified_gmt":"2019-10-24T14:11:34","slug":"pds-deal-termination-akufo-addo-faced-opposition-from-his-own-colleagues-baako-reveals","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/pds-deal-termination-akufo-addo-faced-opposition-from-his-own-colleagues-baako-reveals","title":{"rendered":"PDS Deal Termination: Akufo-Addo faced opposition from his own ‘Colleagues’ – Baako reveals"},"content":{"rendered":"

Veteran Journalist, Abdul Malik Kweku Baako<\/strong><\/p>\n

It was President Akufo-Addo\u2019s decision to terminate the Power Distribution Services deal according to the Managing Editor of the New Crusading Guide newspaper, Kweku Baako Jnr.<\/strong><\/p>\n

According to him, some members of the ruling government were not happy with the President\u2019s decision because they feared termination will come with some consequences; nonetheless, he decided to put the interest of Ghanaians first.<\/strong><\/p>\n

“Within the government, it\u2019s not everybody who was enthused about the option of termination because of the implications for the Ghanaian economy. Some thought Mr President let\u2019s compromise; they felt a different option should have been pursued . . . ,” he disclosed while contributing to a panel discussion on Peace FM\u2019s morning show ‘Kokrokoo’.<\/p>\n

According to him, some of these kingpins, “had an eye on 2020;\u00a0(they felt)\u00a0there might be an economic challenge prior to the election. The leader of this administration who is the President said no; if that is the consequences let it be so; he doesn\u2019t believe the good people will refuse or fail to see other positive indicators. So this decision to terminate was driven by the President himself against the wishes of some of his colleagues.”<\/p>\n

Background<\/p>\n

The government of Ghana has terminated its concession deal with Power Distribution Services Limited regarding the distribution of electricity in Ghana.<\/p>\n

A letter dated 18th October, 2019 signed by Finance Minister Ken Ofori-Atta said: \u201cFollowing consultations with Government, we wish to emphasize that Government remains strongly committed to the Compact and to private sector participation in the Electricity Company of Ghana.\u201d<\/p>\n

\u201cSecondly, the facts detailed below clearly justify the discontinuance of the current concession which, it should once again be emphasized, does not in any way diminish the Government of Ghana\u2019s commitment to private sector participation in Ghana\u2019s energy sector. Indeed, Government intends to see this PSP through in a manner that respects due process and fidelity to the relevant transaction documents and underlying Compact,\u201d the letter said.<\/p>\n

ECG Officially Takes Over From PDS<\/p>\n

The Electricity Company of Ghana (ECG) has officially taken over power distribution from the Power Distribution Services (PDS).<\/p>\n

A statement dated\u00a023rd October, 2019 indicated that ECG has assumed full operational and financial control which was being managed by the PDS.<\/p>\n

This comes after government\u2019s termination of its concession agreement with Power Distribution Services (PDS) on claims of fraud.<\/p>\n","protected":false},"excerpt":{"rendered":"

Veteran Journalist, Abdul Malik Kweku Baako It was President Akufo-Addo\u2019s decision to terminate the Power Distribution Services deal according to the Managing Editor of the New Crusading Guide newspaper, Kweku Baako Jnr. According to him, some members of the ruling government were not happy with the President\u2019s decision because they feared termination will come with […]<\/p>\n","protected":false},"author":66,"featured_media":5266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[2617,2279,3498],"class_list":["post-5265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-abdul-malik-kweku-baako","tag-nana-akufo-add0","tag-veteran-journalist"],"yoast_head":"\nPDS Deal Termination: Akufo-Addo faced opposition from his own 'Colleagues' - Baako reveals - Ghana<\/title>\n<meta name=\"description\" content=\"Veteran Journalist, Abdul Malik Kweku BaakoIt was President Akufo-Addo\u2019s decision to terminate the Power Distribution Services deal according to the Managing Editor of the New Crusading Guide newspaper, Kweku Baako Jnr.According to him, some members of the ruling government were not happy with the President\u2019s decision because they feared termination will come with some consequences; 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