Securities and Exchange Commission (SEC) is investigating money managers for locking up as much as 5 billion cedis ($921 million) in risky investments they’re struggling to retrieve for clients.
Executive Director of ACEP, Ben Boakye has attributed the suspension of government’s concession agreement with the Power Distribution Services to sheer negligence on some persons who were expected to monitor the process before finalising the concession agreement.
MP for Adansi Asokwa constituency, K.T Hammond says he is quite certain that Power Distribution Service (PDS) will not be cleared to manage the country’s power distribution service again.
The Energy Commission released a statement announcing that the Electricity Company of Ghana (ECG) is taking over the operations of Ghana’s power distribution from the Power Distribution Service (PDS) on a temporary basis.
Minister for Energy John Peter Amewu has said investigations conducted by the government has established that a document that was presented by Power Distribution Service (PDS) as a guarantee for the takeover of Electricity Company of Ghana (ECG) was forged.
The Vice President Dr Bawumia has lauded the Ghana Atomic Energy Commission (GAEC) for its cutting edge research and training which has placed Ghana at the forefront of global efforts to convert high-enriched uranium fuelled research reactors to low-enriched uranium fuelled ones.
Government has assured that the suspension of the Power Distribution Services, PDS' concession agreement will not interfere with electricity distribution in the country.
The Chamber of Petroleum Consumers (COPEC) has petitioned the Speaker of Parliament over the proposed increase in components of the Energy Sector Levies (ESLA) which will lead to increase fuel prices.
Minister for Information Kojo Oppong-Nkrumah has moved to dispel assertions that government's decision to renegotiate some of the current power purchase agreements will result in judgement debts.
The Chamber of Telecommunications Ghana says the increment announced by the Finance Minister for the Communication Service Tax comes as a surprise to them.
