The opposition National Democratic Congress (NDC) is holding a press conference to state its position on government’s cancellation of the controversial Power Distribution Concession (PDS) power concession.

The Minister of Finance, Ken Ofori Atta in a letter to the US government which is funding the concession, recommended the selection of a new private-sector be done through restricted tendering to meet the Compact Two deadline.

“Whilst recognising the prerogative of the MCC in the determination of a particular procurement method in the selection of a PSP, in view of the limited time (approximately two years) until the expiration of the Compact II Program, Ghana hereby recommends the adoption by the MCC/MiDA of a restricted tender process to replace PDS.

“This restricted tender process shall be undertaken timeously by fast-tracking some of the processes without compromising the integrity and transparency of the procurement processes,” a government statement announcing the cancelation of the PDS deal said.

The NDC, has however, rejected government’s proposal to resort to restrictive tendering in selecting a private partner for the management of the power sector in the country.

Watch the press conference below