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The Ghana Financial Intelligence Center has written to all rural banking and savings companies to immediately freeze all Power Distribution Services (PDS) accounts.
According to the FIC, the aim is to ensure that law enforcement agencies investigate the violations detected with the guarantee of the PDS concession application.
In its letter, the FIC stated that financial institutions should, however, allow the receipt of money on the account, but should limit debits to the accounts.
"In accordance with Section 47 of the Amended Anti-Money Laundering Act, 2008 (Act 749), you are directed to immediately freeze all accounts maintained by the Energy Distribution Services (PDS). to allow a law enforcement agency to continue investigations. . "
"Because of the peculiarity of the subject's operations, we also ask that you authorize credits and limit debits on all accounts," says a letter from FIC to financial institutions.
The letter also asked savings and credit companies and rural banks to provide an up-to-date financial statement for all PDS accounts that they manage.
In addition, provide the Center with copies of the account statement for the period March 1, 2019 to date for all accounts that you maintain. Please note for strict compliance, "added FIC in the letter.
The Ghana government on Tuesday suspended a concession agreement with PDS for electricity distribution in Ghana, immediately after the discovery of "fundamental and substantial breaches of the PDS 's obligation to provide security guarantees. payment (guarantees on request) ".
The government subsequently announced that it had launched an in-depth investigation into the offenses and that a committee consisting of insurance investigation experts, officials from the ministries of the government, the government, the police, the police, the police, the police, and the police. Energy and Finance, as well as ECG and MIDA officials also had 30 days to complete the work. probe.
According to the Minister of Information, Kojo Oppong Nkrumah, the team is expected to Doha-Qatar as part of the investigation.
Another team, he said, will be sent to the United States to continue its dialogue with the US government through its agency, the Millennium Challenge Corporation, on development.
ECG succeeds PDS
At the same time, the Energy Commission announced the appointment of the Ghana Electricity Company (ECG) as the interim operator responsible for the management and operation of the electricity sales in the country.
In a statement, the Commission stated that the decision was based on the reduction of the validity of PDS licenses due to the invalidity of its on-demand guarantees, among other recent developments concerning the badumption of responsibility for electricity sales. by PDS in Ghana.
-Citinewsroom
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