Business News of Monday, 21 October 2019Source: Myjoyonline.comProbe $1.5bn revenue collected by PDS - Alex MouldAlex MouldEnergy and finance expert, Alex Mould has called on government to probe the almost $1.5bn revenue collected by PDS since its inception as a powers service provider and concessionaire of ECG. "Set very high prey qualification criteria, especially of the local partners to avoid the embarrassment we saw in the recently cancelled PDS scam" Mr Mould stressed. The termination of the PDS agreement seems to be the trending topic this weekend. With PDS gone, they no longer have to share the 51% and they, therefore, control our entire electricity distribution revenue of $2bn for 20 years. This thus forced the Finance Minister to write to the MCC cancelling PDS as the concessionaire of ECG, and requesting a second chance to fix this.

Source: GhanaWeb October 21, 2019 02:15 UTC