Finance Ministry Orders PDS To Release Money To ECG



The Finance Ministry, has taken steps to unfreeze bank accounts of Power Distribution Service (PDS) to enable the Electricity Company of Ghana (ECG) get access to some funds to meet its administrative cost.

The money, will also be used to pay the salaries of worker of the company.

Interestingly, the Finance Ministry’s order directing PDS to release the money to ECG, suggested that despite the suspension of the PDS until the completion of the government’s investigations into fraud claims against the consortium, PDS, is still in-charge of revenue collection and lodgment into its bank accounts.

Many had hoped that the signatories to the bank accounts, will be changed until the end of the investigation, but this is not happening.

A letter signed by Deputy Minister of Finance, Charles Adu Boahen, was addressed to the PDS, ECG, Energy Commission and the Public Utility Regulatory Commission (PURC).

“The Finance Ministry is currently facilitating the de-freezing of PDS accounts to ensure there are funds to support day to day operations,” the letter dated August 6, 2019, said.

The Ministry, further directed PDS to provide ECG with a detailed revenue collection and expenditure report on a weekly basis.

Below is a copy of the letter…

22337ecg pds financial arrangement with respect to revenues collected-122337ecg pds financial arrangement with respect to revenues collected-2

Share this:

Share News

submit to reddit