General News of Monday, 10 August 2020Source: www.ghanaweb.comPDS saga: 51% of shares were allotted to friends of Akufo-Addo - NDCplay videoSammy Gyamfi, National Communications Officer of the National Democratic Congress (NDC)The opposition National Democratic Congress (NDC) has alleged that 51 percent of shares of the defunct Power Distribution Services (PDS) concession were allotted to companies belonging to ‘friends and cronies’ of President Akufo-Addo. According to the National Communications Officer of the NDC, Sammy Gyamfi, the companies had no technical capacity in power retailing and did not demonstrate any financial capacity to manage a critical national asset worth GH¢20 billion. The government in October 2019 commenced processes to terminate the concession agreement between it and the PDS. The Electricity Company of Ghana (ECG) subsequently announced that it had assumed full control of electricity distribution business in the southern part of Ghana. Send your news stories to and via WhatsApp on +233 55 2699 625.

Source: GhanaWeb August 10, 2020 14:48 UTC