PDS termination: Govt urged to avoid repeat of mistakes
The government has been urged to draw lessons from the Power Distribution Services (PDS) agreement, which was terminated in 2019, and ensure greater due diligence and transparency in future state transactions. Three resource persons said the termination of the agreement had cost the country financially, stressing that the mistakes associated with the deal should not … The post PDS termination:…
Three experts have cautioned the government against repeating the mistakes made in the Power Distribution Services (PDS) agreement which was terminated in 2019. According to them, the termination of the deal cost the nation financially and the government should have conducted thorough due diligence before signing the agreement. The experts, who spoke during an online discussion, included Ben Boakye, a Country Manager of the Natural Resource Governance Institute, Patrick Stephenson, a lecturer at Ghana Law School, and Mr Bobby Banson.
They argued that the country could have profited from the agreement if proper due diligence was carried out. They also questioned the arrest of some individuals involved in the agreement to recover monies owed to the Electricity Company of Ghana (ECG), stating that the fundamental issues had already been addressed at an international arbitration tribunal.
Boakye emphasized that the transaction could have been salvaged if national interest had focused on addressing ECG's losses and making sure the company accounted for power supplied to it.
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