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Dr Mahamudu Bawumia played no role in the controversial Power Distribution Services (PDS) Ghana Limited agreement

Dr Mahamudu Bawumia
Dr Mahamudu Bawumia
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A document from Millennium Development Authority (MiDA) has revealed that Vice President Dr Mahamudu Bawumia played no role in the controversial Power Distribution Services (PDS) Ghana Limited agreement with the Electricity Company of Ghana (ECG).

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He disclosed in a post “We understand that, at the informal board meeting, the represented MiDA board members accepted the structure in principle and charged the Stakeholders to work with PDS and Cal Bank to agree on the text of the Demand Guarantees.3 It is, however, important to note that, although the represented MiDA board members accepted the proposed demand guarantee structure, the final “approval” was given during a meeting with the Vice President on February 19, 2019, and the Ministry of Finance and ECG were the parties who were involved in the “acceptance” of the final Payment Securities.

Vice- President Dr. Bawumia has a lot of questions to answer in respect of this PDS Scandal. He will surely hear from us sooner than later!!!”

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Written by bawaeric

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