Tag: MIDA
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Standards Authority clamps down on substandard electrical gadgets
The Ghana Standards Authority has served notice it will confiscate all substandard electrical gadgets and equipment. The authority has also warned it will pursue and sanction appropriately, persons who deliberately engage in the dumping of such products onto the Ghanaian market. The caution forms part of moves to develop and enforce standardization on the Ghanaian…
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MiDA resolute with local ownership in ECG
The Millennium Development Authority (MiDA) has stressed that it will protect the interest of the government of Ghana in selecting a private manager for the ECG. It follows concerns raised by one of the concessionaires, a French electricity conglomerate, EDF which together with its local partner, CH Group is protesting the 51% mandatory Ghanaian ownership…
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MiDA to select ECG concessionaire by September 2018
The Millennium Development Authority (MiDA) has told Citi Business News it should select a concessionaire for the private sector participation in the ECG by September this year – 2018. This should allow the injection of some five hundred million dollars ($500m) into the operations of the power distributor. The CEO of MiDA, Mr. Martin Esson…
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US govt pleased with ECG ‘privatization’ processes so far – Ambassador
The US Government has told Citi Business News everything is on track for the private sector participation in the Electricity Company of Ghana (ECG) under the Power Compact II agreement. Currently, the six shortlisted companies are evaluating the assets of the ECG to guide further decision making on the move. Ghana is in an agreement…
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PUWU livid over sideline in negotiations on ECG
The Public Utility Workers’ Union (PUWU) has expressed disappointment at government for failing to discuss with them details concerning the Millennium Challenge Corporation (MMC) Power Compact II before taking a final decision. According to PUWU, consultations would have clarified issues and updated concerned workers. Speaking on the Citi Breakfast Show on Tuesday, the General Secretary…
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Analysts intensify resistance to ECG concession
At a time government is considering plans to cede part of management of the Electricity Company of Ghana, some players in the industry have renewed appeals against the move. They argue that the plan if approved will have minimal impact in turning around ECG’s inefficiencies. About 350 million dollars out of the total 500 million…
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Prez Mahama once more defends MiDA, ECG partnership
President Mahama has stressed that private sector participation in Ghana’s power sector is inevitable if the sector is to perform satisfactorily. According to him, the long term benefits over reduced losses outweigh the immediate concerns militating against such move. The decision to allow the Millennium Challenge Corporation (MCC) to take part in the management of…
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Sacking ‘inefficient’ ECG staff is ‘wrong’ – PUWU to ACEP
The Public Utility Workers Union (PUWU), has dismissed suggestions by the African Centre for Energy Policy (ACEP) for some workers to be laid off as government seeks a private partner to manage ECG. According to PUWU, this assertion is wrong and must not be considered by government and stakeholders. “I don’t know how ACEP takes…