Sheer negligence caused Ghana in PDS concession deal - ACEP

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.

According to him, although ACEP is deeply worried by the outcome of the concession agreement, although the announcement came as a little surprise due to the actions and inaction of some related Government agencies.

ACEP said issues such as the failure by Meralco to meet the initial requirement of publishing the name of a local partner in the pre-qualification stages, leaves much to be desired.

Ben Boakye in an interview with Citi FM again revealed that although ACEP was selected as chair of the concession committee, it only met MiDA once.

“Last night, a major setback was introduced into the processes to improve the distribution of electricity in Ghana, i.e. the concession agreement with the Power Distribution Services Ghana limited (PDS) was suspended by the Government of Ghana. ACEP is not surprised by the development but deeply worried by the level of negligence that has led to this current situation. Indeed the finest conclusion anyone can give is that this represents the summary of the posture of MiDA in the events leading to the cancelling of the agreement.”

ACEP further demanded the interdiction of officials found culpable in the deal, adding that the background of beneficial owners of the local partner must be audited.

“While ACEP commends Government for quickly mobilising the public interest, the following actions are required, there is the need for the immediate interdiction of the leadership of MIDA to prevent tampering of evidence that may be necessary to support the case of the state.”

“Government must cease with immediate effect the consumption of advance from IFC on the transaction, this is because the IFC has proven incapable of defending the interest of its clients, in this case, the Ghana Government and MiDA. Government should immediately audit the background of the beneficiaries and local partners in the PDS concession.”

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