The News GodThe News GodThe News God
  • Politics
    • Trump
  • News
    • Wars & Conflicts
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • Videos
  • More
    • Travel & Tour
    • Education
    • Entertainment
      • Biography
      • Net Worth
      • Famous Birthdays
    • General
    • Pets
    • Blog
    • About Us
    • Disclaimer
    • Media Partners
    • Why You Need to Read Business News Everyday
    • Authors
    • Terms of Service & Privacy Policy
Reading: PDS FIASCO: Gov’t won’t fall for US threats – Information Minister
Share
Font ResizerAa
The News GodThe News God
Font ResizerAa
  • Politics
  • News
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • Videos
  • More
Search
  • Politics
    • Trump
  • News
    • Wars & Conflicts
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • Videos
  • More
    • Travel & Tour
    • Education
    • Entertainment
    • General
    • Pets
    • Blog
    • About Us
    • Disclaimer
    • Media Partners
    • Why You Need to Read Business News Everyday
    • Authors
    • Terms of Service & Privacy Policy
Follow US
  • About Us
  • Authors
  • Advertise
  • Contact Us
  • Disclaimer
  • My Bookmarks
  • Terms of Use & Privacy Policy
  • Media Partners
The News God > Blog > News > PDS FIASCO: Gov’t won’t fall for US threats – Information Minister
News

PDS FIASCO: Gov’t won’t fall for US threats – Information Minister

Sampson Gaddah
Last updated: October 23, 2019 7:44 pm
Sampson Gaddah
October 23, 2019
Share
4 Min Read
SHARE

Amid the outcry over the botched concession agreement between the Electricity Company of Ghana (ECG) and Power Distribution Services (PDS), the Government of Ghana has stated clearly that it can’t compromise on the termination of the agreement.

 

 

This follows the United States government’s expression of “regret” over the termination and its stated position that the termination is “unwarranted” and hopes the Ghana government respects contract sanctity to restructure the concession.

Related Posts

Political News: ‘Will & Grace’ star joins Ellen Pompeo in blasting NBC amid Gabrielle Union controversy – Fox News
Political News: ‘Will & Grace’ star joins Ellen Pompeo in blasting NBC amid Gabrielle Union controversy – Fox News
An officer’s prompt response saved an unconscious toddler’s life in Georgia.
China Announces Sanctions On US drone Company
Apparent Explosion, California House Destroyed, Others Damaged

 

 

They added that “the US$190 million funds granted to Ghana at the March 1 transfer to the 20-year concession from ECG to PDS are no longer available.”

 

 

Minister of Information Kojo Oppong Nkrumah said in a press briefing on Wednesday that the government can’t compromise because they are advised that the concessionaire failed to meet a material and fundamental term of the concession agreement.

 

 

“The Ghanaian and American sides regret that we could not find a mutually agreeable path to have concluded the utilization of the full US$498 million. On the Ghana side, we are not able to compromise because we are advised and believe same to be true, that the concessionaire failed as initially suspected to meet a material and fundamental term of the concession agreement which was to deliver and maintain valid payment securities for the transfer of assets.

 

 

“The two sides were not able to agree on a common path to resolve this point. The Government of Ghana consequently from 9am this morning commenced the processes to terminate. The necessary documentations are being filed with PDS and the Energy Commission at the moment. It is expected that residual matters between EC and PDS will be resolved with dispatch. The Government of Ghana and the US Government will continue to work together on other development cooperation projects,” he said.

 

Deputy Energy Minister William Owuraku Aidoo, on the other hand, said the Electricity Company of Ghana (ECG) is expected to take back full control of assets after the termination of the Power Distribution Services (PDS) concessionaire agreement by Government.

 

 

According to him, the Sales and Retail of Energy License of PDS will today October 23, be terminated by the Energy Commission to allow ECG to take back full control of assets.

 

 

“ECG has written to the Energy Commission informing it of the termination of the agreement between both parties and when all these things have been effected, ECG will assume full control of the assets which has previously been in possession of PDS,” he stated.

 

 

When asked what happens to the workers of PDS, the minister explained that once there were no transfer and demand guarantees in place as of March 1, 2019, the workers of PDS will still remain the workers of ECG.

 

Understanding the Emergency Septic Tank Pumping Process: What to Expect
Chattanooga shooting left 3 dead and 14 injured, some by fleeing cars.
Southwest firefighting efforts continue despite the region being battered by wind and dust.
More Than 2,000 Die in Severe Earthquakes in Western Afghanistan.
Manhunt on after Texas shooting kills 5, including 8-year-old.
Share This Article
Facebook Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Trump to give statement on Syria pullout amid bipartisan criticism, hopes for border 'safe zone' Trump to give statement on Syria pullout amid bipartisan criticism, hopes for border ‘safe zone’
Next Article Beautiful photos of Hagar Obeng, the Fire Service lady who died in an accident
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Publications

Two women robbers dress as 'Roman' sisters to rob a bank
Two women robbers dress as ‘Roman’ sisters to rob a bank
News
May 30, 2025
7 Common Mistakes to Avoid When Beginning a Career in Education
Education
May 30, 2025
Home education
Why Continuing Education Matters More Than Ever in Healthcare
Education
May 29, 2025
26-year-old boy beaten up by 2 wives for trying to marry 3rd wife
26-year-old man beaten up by 2 wives for trying to marry 3rd wife
News
May 28, 2025
World’s longest-serving death row prisoner receives $1.4 million in compensation
World’s longest-serving death row prisoner receives $1.4 million in compensation
News
May 28, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe

You Might also Like

Great Wall
News

China Detains Two For Excavator Damage to Great Wall

September 4, 2023
Google scraps its diversity hiring goals
News

Google scraps its diversity hiring goals

February 6, 2025
News

Elon Musk vs Sam Altman: The tech clash that could refine AI

December 31, 2024
Trump calls on Americans to Pray through Jesus, declared today as a National Prayer Day
NewsPolitics

Trump calls on Americans to Pray through Jesus, declared today as a National Prayer Day

March 15, 2020
Show More
© 2025 Thenewsgod. All Rights Reserved.
  • About
  • Contact Us
  • Terms of Use & Privacy Policy
  • Disclaimer
  • Authors
  • Media Partners
  • Videos
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?