The Minister of Information has debunked assertions that the Power Distribution Services (PDS) Ghana Limited belongs to a group of barbers at Osu in Accra.
Kojo Oppong Nkrumah on Thursday, challenged those interested in finding out the truth to check with the Registrar Generals Department.
He said the power distribution company was a properly registered one and such claims of barbers owning it are preposterous.
Government has commenced a full-scale inquiry into the detected breaches in the concession agreement with the Power Distribution Services (PDS), which is expected to be completed within 30 days.
Government has suspended the concession agreement with PDS, bringing back ECG to be in full control of power distribution.
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 has been discovered upon further due diligence.
Many people including the Minority in Parliament and Energy experts, have called for a probe into how come government missed this critical aspect when signing the agreement.
Giving details of the team comprising undertaking the inquiry, Mr Oppong Nkrumah, said insurance investigation experts, officials of the Energy and Finance Ministries and officials of the Electricity Company of Ghana (ECG) as well as Millennium Development Authority (MIDA) are involved.
“The inquiry will determine the nature of the breaches and advise on suggested next steps. By Tuesday, the team is expected in DOHA-Qatar as part of the inquiry.
“All interested parties are cooperating with the inquiry at this stage,” the Information Minister said at a press conference in Accra, Thursday, August 1.
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 youth unaware of their right to hold politicians accountable – Youth Bridge Foundation
32 mins -
Judge delays Trump sentencing for a third time
49 mins -
2024 WAFCON: Ghana drawn against defending champions South Africa in Group C
1 hour -
Photos from DW-JoyNews street debate on ‘galamsey’
2 hours -
Mimmy Yeboah: Blending heritage with global sophistication, confidence redefined through couture
2 hours -
100 Most Influential People Awards 2024: Brain Hill International School’s Director Mary Anane Awuku honoured
3 hours -
Akufo-Addo commissions 97-km Tema-Mpakadan railway line
3 hours -
Majority requests recall of Parliament
3 hours -
Kanzlsperger and Professor Quartey support WAFA with medical Donation
3 hours -
Gideon Boako donates 10 industrial sewing machines to Yamfo Technical Institute
3 hours -
‘Golden Boy’ Abdul Karim Razak honored at WAFU-B general assembly
4 hours -
Buipewura Jinapor secures Vice Presidential position in National House of Chiefs with record votes
4 hours -
2024 election: I want results to come out like ‘milk and honey’ – Toobu
4 hours -
Ghana’s Henry Bukari hands over chairmanship of ECOWAS Brown Card Council of Bureaux
4 hours -
Residents of Dome-Kwabenya on edge ahead of December elections
4 hours