The opposition National Democratic Congress (NDC) claims it has intercepted a document that allegedly exposes a clandestine plan by the government to loot the assets of the Electricity Company of Ghana (ECG).
Dated Monday, October 14, the letter was jointly signed by Ernio Acuna of Meridian Power Ventures (MERIDIAN), which owns 30 percent shares in PDS, and Jorge Morgado of Energy, which owns 19 percent.
The letter assured the Chairperson of the MiDA that it will act expeditiously to resolve the issues that will come up at the Special Board Meeting “which we trust would enable the immediate restructuring of the PDS Board and Management towards a more effective governance structure and management”.
He called for the support of MiDA in order to win back “the trust and confidence of the government of Ghana and show our capability to fulfill what we have set out to do for the development of the electricity distribution services for the benefit of the good people of Ghana”.
According to this letter, Meralco has offloaded its 30% shares to an unknown company, Meridian Power Ventures Limited which, according to the NDC, was only incorporated in Hong Kong in June 2018 without recourse to Parliament.
But the opposition NDC sees a sinister motive in the letter and has questioned the share of Meridian Power Ventures in PDS.
Yapei Kusawgu MP, John Jinapor said at the presser Thursday that Meridian Power Ventures, which owns 30 percent shares, and Aenergy which owns 19 percent shares in power consortium, are alien to the original PDS agreement approved by Parliament.
The party has given a 24-hour ultimatum to the Finance Minister, Ken Ofori-Atta, to make full disclosure on the planned restructuring of the PDS shareholding, which it says is proceeding without Parliamentary approval.
The party says it may head to court or haul the Minister to Parliament if its demands do not receive a favourable response.