Prime News Ghana

MCC asked gov't to reinstate PDS deal

By Mutala Yakubu
Finance Minister Ken Ofori-Atta
Finance Minister Ken Ofori-Atta
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A letter from the Millenium Challenge Corporation (MMC) asked the government to reinstate the Power Distribution Service deal before the contract was terminated by Ghana.

Prime News chanced on a letter from the MCC to the Finance Minister Ken Ofori-Atta which said the reinstatement of PDS is a condition under which Ghana can attract the remaining 190 million dollars of the compact money meant to enhance the operations and distribution of power in the country.

READ ALSO: Official: Gov't gives full details of why PDS deal has been terminated

Portions of the letter said: “Formerly announce the reinstatement of the PDS’ concession rights under the transaction agreement,”

The letter was indeed received by the government but on Saturday, October 19, 2019, they announced the official termination of the deal.

Read letter below

READ ALSO: IES warns against restrictive tendering to select successor for PDS

 

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