Hohoe lawmaker, Peter Amewu says he takes responsibility for the failed PDS concession agreement.
Mr Amewu said though the cabinet took the decision to terminate the deal, he holds himself responsible as sector minister at the time.
The former Energy Minister told the Appointments Committee of Parliament during his vetting on Wednesday, 24 February 2021,
Responding to a question, he said, “As the sector minister at the time, I’m responsible for the asset and reliability of the ministry and so yes even though it was a cabinet decision, yes I take responsibility for it,”
The government through the Ministry of Finance and the Electricity Company of Ghana (ECG) Limited suspended the concession agreement with PDS Ghana Limited on July 30, 2019. This was announced by the Minister of Information, Mr Kojo Oppong Nkrumah.
Mr Oppong Nkrumah said the decision followed the detection of fundamental and material breaches of PDS’ obligation in the provision of Payment Securities (Demand Guarantees) for the transaction which has been discovered upon further due diligence.
The government explained that the suspension of the PDS agreement was in the interest of the public, and to protect the assets of the Electricity Company of Ghana (ECG) worth over $3 billion.
According to President Akufo-Addo, the decision to make the suspension of the PDS agreement public was “for the country to know exactly what is going on, and, therefore, hold the government to account for its stewardship.”
By: Bernard Ralph Adams