Former Energy Minister, Mr. Boakye Agyarko, is yet to comment on the gone bad concession agreement between the Power Distribution Services (PDS) and the Electricity Company of Ghana (ECG), despite being the initiator of the deal.
The concession agreement which saw PDS takeover ECG as power distributors for the Southern Electricity Zone of Ghana was suspended about two weeks ago by the government of Ghana.
The suspension, according to the Information Minister Kojo Oppong Nkrumah was due to “fundamental and material breaches of PDS’s obligation in the provision of Payment Securities (Demand Guarantees) for the transaction which have been discovered upon further due diligence.”
He emphasised that, “We (government) have through deep intelligence detected that they have issues with those guarantees that were provided…they were not valid as a step we have taken measure to secure the assets of the state by suspending the concession agreement.”
Meanwhile, Mr. Agyarko, whose tenure the deal was structured is yet to utter a word since the announcement of the suspension and subsequent temporal takeover by ECG.
With this deafening silence, one would wonder what is keeping the former Energy Minister from opening up on the deal which started under his watch?
On August 6, 2018, Mr. Boakye Agyarko was dismissed as Energy Minister, with no reasons ascribed to his sack.
What however prompted his sacking by president Akufo-Addo was the renegotiated AMERI deal, which raised eyebrows over short-changing of government.
Energy experts and policy think-tanks raised concern over the terms and conditions of the renegotiated AMERI deal, indicating, it was not favourable to the country.