We acted in good faith – PDS

General News on Wednesday, July 31, 2019

Source: clbadfmonline.com

2019-07-31

The management of Power Distribution Services (PDS) stated that the company has always acted in good faith with the contract signed with the Government of Ghana.

The government suspended Tuesday the electricity contract signed with PDS.

The decision was communicated via a press release from the Minister of Information, Kojo Oppong Nkrumah.

According to the statement, the pending agreement was made necessary by "the detection of fundamental and substantial breaches of the PDS obligation in the provision of payment guarantees (on-demand guarantees) for the transaction that were discovered during subsequent checks ".

The government stated that a full investigation had been launched and that steps had been taken to ensure that "the distribution, billing and payment services remain uninterrupted".

The public has been badured that the development "will not interfere with the distribution of electricity services to customers".

In a counter statement signed by its CEO, the company said: "PDS took note of the statement issued by the government through the Ministry of Information on behalf of the Minister of Finance on behalf of the Government of Canada. Ghana (GoG) and the Ghana Electricity Company (ECG).

"PDS wishes to declare for the record that it has always acted and will continue to act in good faith at all times.

"PDS will comply with the procedures set out in the transaction agreements between it and ECG, on the one hand, and the GoG through the Ministry of Finance, on the other hand.

"PDS wishes to badure the Ghanaian public that it will not be in a hurry to release information until it has been sufficiently substantiated in the interest of safeguarding the transaction and the the image of Ghana. "