Transaction advisors in a concession agreement with the energy company, Power Distribution Services (PDS) have been accused of shifting blame after controversy gutted the agreement. In the controversy, Power Distribution Services (PDS) have been found to lack the financial capacity to provide $12.5m in guarantees when they took over ECG management in March 2019. PDS […]
Tag: ACEP
ACEP lauds gov’t for renegotiated Ameri deal, says 51.3 million dollar savings commendable
Energy Think-tank, African Centre for Energy Policy (ACEP) has commended government for renegotiating the Ameri deal and making a substantial savings of 51.3 million dollars. A statement issued by the think-tank and signed by its Executive Director, Dr. Benjamin Boakye stated in part that ‘’the addendum presents a more favorable liability for government than the […]
Pass Petroleum Revenue Management Act to check use of oil revenue for debt servicing-ACEP to gov’t
The Africa Centre for Energy Policy (ACEP) is advocating the passage of the Petroleum Revenue Management Act (PRMA) as a way of checking the deliberate use of oil revenue for debt servicing at the expense of public investments. The PRMA when passed should define rules for capping the Ghana Stabilization Fund (GSF), as this will […]