Business News of Friday, 21 April 2017Source: Graphic.com.ghGovernment renegotiates ECG concession dealVice President Alhaji Dr Mahamudu Bawumia speaking to journalists in WashingtonGovernment has begun discussions with officials of the Millennium Challenge Corporation (MCC) to renegotiate the power compact agreement for a majority Ghanaian ownership for the concession of the Electricity Company of Ghana. “We have renegotiated the agreement in a sense to make sure this concession agreement has majority Ghanaian ownership of the concession”, he said. The rest are Power Generation Sector Improvement Project and Energy Efficiency and Demand Side Management Project. Controversy over concessionThe power compact agreement under the MCC had sparked running controversy since its announcement in 2014. A coalition of stakeholders on the ECG concession arrangement recently called on the new government to review the MCC Compact II.

Source: GhanaWeb April 21, 2017 17:48 UTC