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 Job Application How to write a CV that gets interview callsbullet
2 Bank of Ghana Here are the banks with the best deposit rates in Ghanabullet
3 Akufo-Addo Gov't Take your time; you are choking the economy with...bullet
4 Roads and Highways Minister closes down Buipe, Yapei bridges over...bullet
5 Ken Ofori-Atta Finance Minister hints of NIB, ADB mergerbullet
6 Yolanda Cuba Vodafone CEO scores Akufo-Addo government 8/10 in...bullet
7 Banking In Ghana NIB and ADB to merge?bullet
8 Akufo-Addo Administration We are determined to move Ghana...bullet
9 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
10 2018 Budget 100,000 graduates to be employed in 2018...bullet

Top Videos

1 Entrepreneurship How to be resourceful as an entrepreneurbullet
2 Entrepreneurship Failure- How To Deal With It | StartUpSchoolbullet
3 Entrepreneurship Creating Success Systems | StartUpSchoolbullet
4 Vodafone adbullet
5 Entrepreneurship How To Get Ready To Get Started | StartUpSchoolbullet
6 MTN Mobile Money Adbullet

Business