37.1 C
Ghana
Wednesday, December 2, 2020

PDS FIRED; ECG is back

TRENDING

Special Voting: Two arrested in Krowor for taking shots of their ballots

Two people are in the grips of the Police at Krowor for allegedly taking shots of their shots after...

VIDEO: Street Hawker who gave Bawumia ‘RED CARPET TREATMENT’ in Madina finally speaks

[youtube https://www.youtube.com/watch?v=ZHxZ2LT2nXU] For 23-year-old Nana Kwame, rolling a carpet on the road for the convoy of Dr Mahamudu Bawmia came...

VIDEO: Landlord EJECTS NPP tenant for refusing to vote for NDC

A landlord has ejected his tenant for supporting the New Patriotic Party (NPP’s) second term bid by refusing to vote...

The Government of Ghana through the Ministry of Finance has suspended the concession agreement with Power Distribution Services (PDS) Ghana Limited with immediate effect.

A statement released by the Minister of Information, Kojo Oppong Nkrumah revealed that the decision follows die detection of fundamental and material breaches of PDS’ obligation in the provision of Payment Securities (Demand Guarantees) for the transaction which have been discovered upon further due diligence.

The Demand Guarantees were key prerequisites for the lease of assets on 1st March, 2019 to secure the assets that were transferal to the concessionaire.

He said “the government is conducting a full enquiry into the matter, and It outcome will inform the next course of action. Government has taken steps to ensure distribution, billing and payment services continue uninterrupted.  The general public and customers are assured that this development will not interfere with the distribution of electricity services to customers”

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

%d bloggers like this: