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
-
Expansion Drive: Takoradi Technical University increases faculties
3 hours -
SHS heads demand payment of outstanding funds before reopening of schools
3 hours -
We thank God for the 2024 general elections – Akufo-Addo
3 hours -
Coconut Grove Beach Resort marks 30 years of excellence with memorable 9 lessons & carols service
4 hours -
WAFU B U-17 Girls’ Cup: Black Maidens beat Nigeria on penalties to win inaugral tournament
4 hours -
Real Madrid beat Sevilla to keep pressure on leaders Atletico
5 hours -
Liverpool put six past Spurs to go four points clear
6 hours -
Manchester United lose 3-0 at home to Bournemouth yet again
6 hours -
CHAN 2024Q: ‘It’s still an open game’ – Didi on Ghana’s draw with Nigeria
6 hours -
CHAN 2024Q: Ghana’s Black Galaxies held by Nigeria in first-leg tie
7 hours -
Dr Nduom hopeful defunct GN bank will be restored under Mahama administration
7 hours -
Bridget Bonnie celebrates NDC Victory, champions hope for women and youth
7 hours -
Shamima Muslim urges youth to lead Ghana’s renewal at 18Plus4NDC anniversary
8 hours -
Akufo-Addo condemns post-election violence, blames NDC
9 hours -
DAMC, Free Food Company, to distribute 10,000 packs of food to street kids
10 hours