Business News of Tuesday, 2 May 2017Source: kasapafmonline.comFull details of ECG concession amendment must be disclosed – ICUSolomon Kotei, General Secretary, ICUThe General Secretary of the Industrial and Commercial Workers Union (ICU), Solomon Kotei wants government to come clean on the Millennium Challenge Corporation (MCC) Power Compact II agreement on the concession of the Electricity Company of Ghana (ECG). According to him, his administration is working to ensure there’s majority Ghanaian ownership of the deal and reduction of the agreement term from 25 to 20 years. “We have stated that we are taking a second look at the ECG compact. In this regard, [the] government is amending the terms of the agreement of the concession agreement to require that: 1. We still need a wider consultations on the move, so that we can be sure of the future of the ECG.”

Source: GhanaWeb May 02, 2017 12:56 UTC