Pulse.com.gh logo
Go


Privatising ECG MiDA agreement kicks in; ECG staff agitation fruitless

In a statement released by the Millenuim Development Authority, they explain that the agreement signed by the Republic of Ghana and the United States of America on August 5,2014 towards the release of funds under the Compact II has taken effect.

  • Published:
Agitating ECG Workers play

Agitating ECG Workers

24/7 Live - Subscribe to the Pulse Newsletter!

Government has finalized the deal for the release of the  second compact of the Millennium Development Challenge Account.

This means that government is going ahead with the process of handing over the Electricity Company of Ghana to a private concessionaire, despite fierce opposition from the staff of the ECG against the move.

In a statement released by the Millenuim Development Authority, they explain that the agreement signed by the Republic of Ghana and the United States of America on August 5,2014 towards the release of funds under the Compact II has taken effect.

A member of the opposition New Patriotic Party’s (NPP) communications team, Saaka Salia, sued MiDA over the planned concession of the ECG, arguing that MiDA is not fit to participate in concession arrangement for the ECG as an adviser.

Also being sued are the Public Utilities Regulatory Commission, (PURC), the Attorney General’s office and the Energy Commission. In the suit, Mr. Salia argued that, MIDA is not fit to participate in concession because its conduct breached Ghana’s laws after it authored and circulated a draft tariff methodology.

READ MORE: Power Supply in Ghana ECG concession won't result in high electricity tariffs - MiDA

Mr. Salia explained that “the reason for the breach is that, MiDA as well as the IFC [International Finance Corporation] collaborated and forged a document purported to be coming from the PURC, and the Energy Commission and to that extent, they allowed that fraudulent document to fill the part of the transaction process.”

Meanwhile, the implementation of the agreement means that Ghana has agreed to the conditions under the compact agreement which includes the release of running of the Electricity Company of Ghana for 20 years.

Staff of ECG in collaboration with the Public Utility Workers Union staged a five-day demonstration to press home demands for the privatisation of ECG to be halted.

It appears, however, that the agitations did not yield the required results.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Roshi Motman AirtelTigo CEO resignsbullet
2 Ghana Politics Akufo-Addo fires Lands Commission bossbullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 Economy Bawumia must stop misleading Ghanaians over cedi...bullet
5 MTN Ghana Selorm Adadevoh is MTN Ghana’s new CEObullet
6 Shirley Frimpong-Manso and Ken Attoh owe The Royal Bankbullet
7 Salaries In 2018 Here are the dates public workers will be...bullet
8 Menzgold Ghana Investment company closes down its Gold...bullet
9 Economy Of Ghana No profit because of cedi depreciation...bullet
10 First National Bank Ghana launches first-ever cash...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Money Alert Meet Africa's richest womanbullet
4 Plane Crash Starbow suspends operations following plane crashbullet
5 Bozoma Saint John 10 quotes from Uber top official, Bozoma, that...bullet
6 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
7 Support Finance minister buys Kantanka carbullet
8 Dr Joseph Siaw Agyepong Nobody can collapse my company –...bullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
10 Entrepreneurship How to be resourceful as an entrepreneurbullet

Business