Former President John Dramani Mahama says he – like many other Ghanaians – is disappointed in the Akufo-Addo-led government in the termination of the concession agreement between the Electricity Company of Ghana (ECG) and the Power Distribution Services Ghana Limited (PDS).
According to the former president, who was part of final negotiations in sealing Compact II with the United States government, the termination of the contract was as a result of “self-serving” decisions taken by the government.
“The deliberate acts perpetrated with the crude support of the Flagstaff House with the ECG concessionaire agreement. . .has led us to where we are today.
“This was absolutely needless and could have been avoided.”
Mr Mahama expressed these sentiments at the inauguration of the 2020 manifesto committee of the National Democratic Congress (NDC) on Wednesday, October 23.
He described the outcome, which has led to the forfeiture of $190 million, as “a sad day for us”.
“This money was meant to improve the efficiency of our electricity utility corporation.”
He said at the beginning of negotiations by his predecessor, Professor John Evans Atta Mills, it was made clear that the deal will focus on the future development of Ghanaians “and not parochial decision that reflect the sad and worsening situation of state capture that we are increasingly experiencing under Akufo-Addo administration”.
But he said “shady” deals within the government of the day is what has led to the termination of the deal.
On Wednesday, the ECG confirmed full takeover of its assets from PDS, which had been suspended from certain operations on Tuesday, July 30.