Minister of Energy Boakye Agyarko has dismissed suggestions that the Electricity Company of Ghana (ECG) will be privatized under Compact II of the Millennium Challenge Corporation (MCC). He explained that the country’s major energy-distribution body will have its assets rather leased for 20 years under the Compact. Mr Agyarko made this known on Tuesday, May … Read more
MultiChoice is spreading some love to its DStv Compact and Compact Plus customers by having an Open Window showcasing three top Premium channels. From 29 May to 23 June 2017, DStv Compact Plus customers will be able to enjoy the laughs on Comedy Central (DStv channel 122) some interesting insights and history lessons on History … Read more
Citi Business News can confirm that the Bidders’ Conference that is expected to assemble all the six concessionaires for the privatization of the Electricity Company of Ghana will take place in two to three weeks time. The Conference which was earlier scheduled to take place in December 2016 was postponed after the Trades Union Congress … Read more
President Akufo-Addo has stated that government will stand by its decision to amend the Private Sector Participation (PSP) compact of the Electricity Company of Ghana(ECG) with the Millennium Challenge Corporation(MCC). Under the agreement, which is known as the Power Compact II, government is expected to allow about 80 percent private sector control in ECG for … Read more
President of IMANI Africa, Franklin Cudjoe has cautioned the Akufo Addo government to urgently resolve issues with the Compact 2 agreement of the Millennium Challenge Account or face a possible withdrawal of the funds by the Trump administration of the US. His comments come after President Akufo-Addo announced during his maiden State of the Nation … Read more
The Millennium Development Authority (MiDA), has downplayed assertions by the Public Utilities Workers Union (PUWU) that the Millennium Challenge Corporation (MCC) compact will impact negatively on the Electricity Company of Ghana (ECG) and result in lay-offs. PUWU went on strike for three days last week in protest against the compact, calling on government to review … Read more