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.
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
-
Joy FM Prayer Summit for Peace ends in electrifying worship and prayer
54 mins -
The Conscience of Leadership: A call to President Akufo-Addo on Ghana’s environmental devastation
1 hour -
Ghanaian youth unaware of their right to hold politicians accountable – Youth Bridge Foundation
2 hours -
Judge delays Trump sentencing for a third time
3 hours -
2024 WAFCON: Ghana drawn against defending champions South Africa in Group C
3 hours -
Photos from DW-JoyNews street debate on ‘galamsey’
4 hours -
Mimmy Yeboah: Blending heritage with global sophistication, confidence redefined through couture
4 hours -
100 Most Influential People Awards 2024: Brain Hill International School’s Director Mary Anane Awuku honoured
4 hours -
Akufo-Addo commissions 97-km Tema-Mpakadan railway line
4 hours -
Majority requests recall of Parliament
5 hours -
Kanzlsperger and Professor Quartey support WAFA with medical Donation
5 hours -
Gideon Boako donates 10 industrial sewing machines to Yamfo Technical Institute
5 hours -
‘Golden Boy’ Abdul Karim Razak honored at WAFU-B general assembly
5 hours -
Buipewura Jinapor secures Vice Presidential position in National House of Chiefs with record votes
5 hours -
2024 election: I want results to come out like ‘milk and honey’ – Toobu
5 hours