Gov’t secretly restructuring shareholding of PDS – NDC

The National Democratic Congress (NDC) says it has intercepted a fresh document on the Power Distribution Services (PDS) deal which exposes the clandestine efforts of the Akufo-Addo government to appropriate the assets of Electricity Company of Ghana (ECG) for themselves.

A Facebook post by the party’s National Communications Officer, Sammy Gyamfi, says the intercepted letter shows that the Akufo-Addo government has been secretly restructuring the shareholding of PDS on the blind side of Ghanaians in furtherance of their state-capture agenda.

Mr. Sammy Gyamfi, National Communications Officer, NDC

According to this letter, Meralco has off loaded its 30% shares to an unknown company, Meridian Power Ventures Limited which was only incorporated in Hong Kong in June 2018 without recourse to Parliament.*

He asked “who varied the original PDS shareholding as approved by Parliament without recourse to Parliament?Who are the persons behind this new company Meridian Power Ventures. How were they selected and by whom?

The NDC National Communications Officer further asked “What is their financial and technical capacity and on what basis were they selected? Why the deafening silence of government on the FTI report and their own investigative findings?.


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