2020 Budget reading: Gov’t set to privatize ECG despite PDS fiasco - Ofori-Atta

2020 Budget reading: Gov’t set to privatize ECG despite PDS fiasco - Ofori-Atta

- The minister of finance, Ken Ofori Atta, has stated that the Electricity Company of Ghana (ECG) will operate with the help of a private firm

- He added that this would be done despite the cancellation of the deal with the Power Distribution Services (PDS).

- The PDS concession agreement was reached in March 2019 and abrogated in October 2019

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The minister of finance, Ken Ofori-Atta, has revealed that the Electricity Company of Ghana (ECG) will continue to have a private firm to team up with it regardless of the cancellation of the deal with the Power Distribution Services (PDS).

Presenting the 2020 budget statement in Parliament, he disclosed that the government is interested in learning from past mistakes with respect to the PDS deal.

According to him, there is a need for a private partner to team up with Ghana’s major power distribution company in order to make it more viable.

READ ALSO: Meet the Ghanaian scientist determined to 'ban' the use of imported tomato paste

Per a report by 3news.com, Ofori-Atta explained that there is a long-term plan to create a power sector that is equipped to meet the needs of Ghanaian households and businesses.

In March 2019, the government began a concession agreement with PDS but it was abrogated on October 19, 2019, upon the detection of fundamental errors.

In other news, YEN.com.gh is in possession of a video in which the Member of Parliament (MP) for Ada, Comfort Doyoe Cudjoe Ghansah, is seen sharing chewing gum to colleague MPs.

The motive behind the act is to help them stay awake during the course of the 2020 budget presentation by the minister of finance, Ken Ofori Atta.

The gum was distributed to both sides of the House and Ghansah is seen moving from chair to chair handing out the gums to others who had their arms stretched to receive them.

The move was to prevent half-sleepy MPs from falling asleep so they could pay full attention to the finance member.

READ ALSO: Budget reading: MP gets chewing gum for colleagues to help them stay awake (Video)

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Source: Yen.com.gh

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