Tag: Ghana Power Compact
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PDS saga: Gov’t refused to yield to MCC’s pressure — Oppong-Nkrumah
Minister of Information Kojo Oppong-Nkrumah has revealed that the government came under intense pressure from Millenium Challenge Corporation (MCC) to reinstate the Power Distribution Services company despite adverse findings made against them in their failed takeover of ECG. The Information Minister’s revelation comes after the US government through the MCC decided against disbursing some US$190…
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Ghana loses US$190m as MCC truncates ECG concession agreement
The Millenium Challenge Corporation (MCC) of the United States of America has truncated Ghana’s Power Compact following the decison by the Ghanaian government to terminate the contract of the Power Distribution Services (PDS) over certain fundamental breaches. A statement issued by the US Embassy said the “United States of America notes this decision [termination of…