PDS Deal – What you should know

CHANGE OF FINANCIAL GUARANTEE TO INSURANCE GUARANTEE. The condition precedent for financial guarantee by the Banks was PURC tariffs and the list of Power Purchase Agreements (PPA). However, PURC refused to increase the tariffs as agreed. ECG owns more than GHC4 Billion of debt from Power Producers. So in the absence of any proper tariff, […]

Heritage Bank auction: “Sad end”; USD60m dream killed-“gone but flame not quenched” – Agongo

The majority shareholder of the now-defunct Heritage Bank Ghana Limited, Mr Seidu Agongo, has bemoaned what he describes as the “sad end” to the indigenous financial institution following news of the scheduled auctioning of the collapsed bank’s assets. Narrating the dream behind setting up HBL, Mr Agongo, in a short write-up, said: “In July 2014, […]

Maximise digital technology to drive agriculture for poverty alleviation-Dr Bawumia

Vice-President Dr Mahamudu Bawumia has charged African governments to be proactive and have the political will to use digital technology to provide decent job opportunities for the youth and promote social inclusion. He said enhancing the use of digital technology, for instance, in agriculture can also ensure economic growth and help alleviate poverty on the […]

PDS touts achievements in 4 months; GH₵3.3bn debt reduced by over GH₵1bn-outages drop by 20.5% 

By Elvis DARKO, Accra Power Distribution Services (PDS)  Ghana Limited has listed a number of operational improvements realised in the first four months of its operations in the Southern Distribution Zone. GH₵3.3bn ECG debt reduced by over GH₵1bn The company said Electricity Company of Ghana’s (ECG) outstanding debt of about GH₵3.3 billion, which has been […]