Just in: Frozen PDS Account



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Just in: Frozen PDS Account

The suspension of the concession agreement reached between Ghana, through the Ministry of Finance and Power Distribution Services (PDS) as a result of anomalies, resulted in the blocking of the PDS accounts. .

The statement issued by the Financial Intelligence Center (FIC) this afternoon as a result of revelations from PDS reportedly presented false documents for the award of the concession.

Ghana has sent a team of investigators, made up of insurance experts, to Doha, Qatar, to obtain further information for a final decision, whether to lift the suspension or repeal the agreement.

The government has set 30 days to end its investigations.

More soon…

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