Haruna Iddrisu calls for Parliamentary probe into PDS suspension

Minority Leader of Parliament Haruna Iddrisu has called for a full-scale Parliamentary probe into the suspension of the concession agreement between the government and the Power Distribution Services (PDS) Limited.

Speaking on the floor of Parliament on Wednesday, Mr. Iddrisu said the probe was in order to unearth the full facts surrounding the suspension.

According to the Information Ministry, the decision to suspend the agreement follows the detection of fundamental and material breaches of PDS’ obligation in the provision of Payment Securities (Demand Guarantees) for the transaction which has been discovered upon further due diligence.

“The Demand Guarantees were key prerequisites for the lease of assets on 1st March 2019 to secure the assets that were transferred to the concessionaire. The government is conducting a full enquiry into the matter, and the outcome will inform the next course of action,” the statement said.

The Energy Minister, Peter Amewu later told Citi Business News initial investigations conducted by government has established that a document that was presented by PDS as a guarantee for the takeover of ECG was forged.

The minister explained that even though the document indicated that a company in Qatar had guaranteed for PDS, the management of the company told the government of Ghana it had no knowledge of the document.

Mr. Amewu stated that the government will prosecute anyone found to have engaged in the fraudulent act.

Source:Citi Business News

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