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Former President John Dramani Mahama has expressed dismay at the squandering of $190 million designated for private sector involvement in electricity distribution under the US Millennium Compact.
Taking to Facebook, the National Democratic Congress (NDC) flagbearer criticized the “corrupt, ‘yenkyendi’, and cronyistic governance practices” he attributed to President Akufo-Addo and Vice President Dr. Mahamudu Bawumia for the loss of the $190 million US Millennium Compact.
The former president pledged that he “will work diligently to enhance private sector efficiency in the electricity distribution system, including metering, revenue management, and fault response,” when he is reelected as president in the upcoming December 7 general elections.
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Mahama vowed to prioritize enhancing private sector efficiency in electricity distribution, focusing on metering, revenue management, and fault response, should he regain the presidency in the upcoming December 7 general elections. He also pledged a thorough investigation into the PDS scandal to ensure accountability.
The Power Distribution Services (PDS) Ghana Limited takeover, a contentious deal where the Ghanaian government awarded a 25-year concession to manage the Electricity Company of Ghana (ECG), was suspended in July 2019 amidst fraud allegations.
In March 2019, Ghana was poised to receive crucial funding of $190 million for long-term infrastructure sustainability and financial recovery in the energy sector as part of the second tranche of the MCC power compact.
However, due to the terminated concession agreement with PDS, the US government halted the fund transfer, emphasizing the importance of private sector involvement under MCC’s Ghana Power Compact.
Below is the full statement.
Dear fellow Ghanaians,
It’s disheartening to learn that the $190 million we negotiated for private sector participation in electricity distribution under the US Millennium Compact has been lost due to Nana Addo and Bawumia’s corrupt, ‘yenkyendi’, and cronyistic governance practices.
This is unacceptable, and we deserve better as a people.
As I gear up to assume the presidency in January 2025, thanks to your votes and endorsement in this year’s election, I want to assure you that I will work diligently to enhance private sector efficiency in the electricity distribution system, including metering, revenue management, and fault response.
My administration will prioritise accountability and ensure a thorough investigation of the PDS scandal to hold those involved accountable.
We can work together to build a brighter future for Ghana’s power sector that benefits citizens and businesses.
Let’s stand together, fight against corruption and cronyism, and work towards building the Ghana we want.
#LetsBuildGhanaTogether
#Mahama4Change2024
