The government says it remains committed to private sector participation in Ghana’s energy sector.
This follows the termination of the controversial Power Distribution Service (PDS) concession agreement over irregularities.
A letter signed by Finance Minister, Ken Ofori Atta has recommended a restricted tender process to replace the PDS.
Mr. Ofori Atta tells the Millennium Challenge Corporation (MCC) and the Millennium Development Authority (MiDA) -- both of the US -- that the process “shall be undertaken timeously by fast-tracking some of the processes without compromising the integrity and transparency of the procurement processes.”
This is to beat the “limited time” available before the Compact II Program with the government of Ghana and the US expires.
The US would pump some half-billion dollars into Ghana’s energy sector under the so-called Compact II Program, which requires Ghana to allow private sector participation in the energy sector.
PDS was chosen to perform this role until the government suspended -- and now terminated -- the agreement with the company following controversies surrounding the demand guarantee it submitted to Ghana before taking over the assets of the Electricity Company of Ghana.
The government says these challenges do not “diminish” its commitment to allowing private sector participation in the energy sector.
“Government intends to see the process through in a manner that follows due process and protects the interest of all parties,” the Finance Minister’s letter said.
Latest Stories
-
We’ll not allow 2024 defeat to destroy NPP – Afenyo-Markin
5 minutes -
Photos from the NPP National Delegates Conference
14 minutes -
We’re happy the NPP is resetting to support Mahama in rebuilding Ghana – NDC
1 hour -
Don’t alienate Kufuor, Akufo-Addo from party, you need them to build strong opposition – NDC tells NPP
1 hour -
The Rise and Fall of Bedroom Commandos: A National Tragedy in Three Rounds
1 hour -
Data must be treated as “core infrastructure” to achieve SDG 8 – Government Statistician
1 hour -
Rugby Africa Cup: Final set for Men’s Rugby World Cup spot as Senegal & Algeria seal wins
2 hours -
Trump sues Murdoch and Wall Street Journal for $10bn over Epstein article
2 hours -
The entire National Cathedral project is a crime scene – Dr. Arthur Kennedy
3 hours -
Follow Jesus, Follow the Apostles – Bishop Suku Chea charges newly ordained ministers
3 hours -
Bawumia accorded thunderous welcome at NPP conference
3 hours -
Clergymen who soiled their hands in National Cathedral scandal will never be forgiven – Kofi Bentil
3 hours -
National Cathedral: Prosecute those who spent the money – Kofi Bentil
3 hours -
Global HR Icons headline Global Conference on Human Resources in Africa (GCHRA 2025)
3 hours -
Stop the charade, go ahead and prosecute all who misused our money on National Cathedral project – Kofi Bentil
3 hours