Business News of Friday, 10 May 2024

Source: starrfm.com.gh

Mahama 'fumes' at loss of $190 million power compact due to PDS scandal

NDC flagbearer, John Dramani Mahama NDC flagbearer, John Dramani Mahama

NDC flagbearer, John Dramani Mahama has expressed disappointment over the loss of $190 million intended for private sector participation in electricity distribution under the US Millennium Compact.

In a Facebook post, Mahama attributed the loss to what he described as corrupt, 'yenkyendi,' and cronyistic governance practices of the current administration led by President Nana Akufo-Addo and his Vice.

Mahama, who is preparing for the 2024 elections, assured Ghanaians that he would prioritize accountability and work to enhance private sector efficiency in the electricity distribution system if elected.

He also pledged a thorough investigation of the PDS scandal to hold those responsible accountable.

The cancellation of the $190 million power compact under the Millennium Challenge Corporation compact for Ghana follows the PDS scandal, with the government taking no action against the identified individuals involved in the scandal.

The former president passionately urged all Ghanaians to unite, stand together, and fight against the pervasive issues of corruption and cronyism. He envisions a brighter future for Ghana's power sector, a future that can only be built with the collective efforts of everyone.

With the hashtags #LetsBuildGhanaTogether and #Mahama4Change2024, Mahama rallied support for his vision of building a better Ghana that all Ghanaians desire, a vision he says includes every Ghanaian.