• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Akufo-Addo has no intentions to prosecute perpetrators of PDS fraud – Sammy Gyamfi

5 years ago
in Business, Economy, Energy, highlights, Home, latest News
2 min read
0 0
0
55
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

The opposition National Democratic Congress has accused President Akufo-Addo of covering up the corrupt activities his appointees perpetrated during the Power Distribution Services (PDS) agreement.

At a press briefing Monday, the party’s National Communications Officer, Sammy Gyamfi said even though it is almost a year since the fraudulent PDS deal was terminated, the Akufo-Addo-led administration has shown no sign of bringing the perpetrators to book.

He noted that, the culprits who were involved in the scam that costed the country a huge amount of money are still ‘free men’.

“The likes of Vice President Dr Mahammudu Bawumia, the Finance Minister Ken Ofori-Atta, and the Eson-Benjiman-led MiDA who aided and facilitated this scam which has occasioned the nation huge financial losses have not been held to account for the roles they individually and jointly played in the scam.

“Cronies of the President such as Philip Ayensu, an appointee of President Akufo-Addo on the NCA Board who was the Chairman of PDS and the local partners in the company who perpetrated what government itself alleges to be a fraud on the people of Ghana, have all been left off the hook,” he stated.

Mr Gyamfi further stated that President Akufo-Addo established a PDS entity made up of family and friends to accumulate national funds for their own gains.

“All calls for the accounts of PDS to audited by an independent and internationally reputable Audit firm have been ignored by President Akufo-Addo.

RelatedPosts

First National Bank Champions Health, Unity, and National Pride With the 2025 Accra Marathon

U.S. Government Shutdown Leaves Energy Markets on Edge

Gold Miners Stage Comeback as Share Sales Surge to Record High

“As we speak, Ghanaians do not even know how much was collected by PDS from electricity consumers within the duration of the concession and whether the funds have been properly accounted for and audited,” he stressed.

The Communication Officer, however, insisted that the opposition NDC will not sit aloof for President Akufo-Addo and his appointees to cause financial loss to this country.

He pledged that should the NDC flagbearer, John Dramani Mahama win power in the upcoming general elections, he will not be a ‘clearing agent’ for corruption.

The PDS deal

In March 2019, the Power Distribution Services, a private entity took up the operations of the Electricity Ghana Company Limited (ECG) a government entity to be the sole power distributor for Ghana’s electricity consumers.

However, the concession agreement was short lived, PDS was suspended in July 30, 2019 after the government said it suspected the agreement was tainted with fraud.

The deal was subsequently terminated in October 2019 although the transaction advisor, MiDA, set up an investigative body into the allegations and cleared PDS of fraud in August.

But the Energy Minister, Peter Amewu insisted that PDS is a fraudulent entity, hence government of Ghana will cease to transact any business with it.

Tags: Akufo-AddoCompactDumsorEnergyMinistry of FinancePDSPetroleum CommissionPower
No Result
View All Result

Highlights

NorvanReports at 5: The Rise of a Fearless Voice in Ghana’s Economic Storytelling

Sylvia Owusu-Ankomah Appointed CEO of The Ghana Chamber of Telecommunications & The Digital Chamber of Ghana

ICUMS Set to Complete Major Upgrade to Enhance System Performance

IMF Staff Mission Reaches Staff-Level Agreement with Côte d’Ivoire on EFF/ECF and RSF Programmes

Fuel Prices Set to Rise Marginally at the Pumps From Today

Failure to Enforce Mining Laws Driving Food Insecurity, Says EGP’s Abdul Karim Mohammed

Trending

Features

First National Bank Champions Health, Unity, and National Pride With the 2025 Accra Marathon

October 1, 2025

First National Bank Champions Health, Unity, and National Pride With the 2025 Accra Marathon The much-anticipated First National...

U.S. Government Shutdown Leaves Energy Markets on Edge

October 1, 2025

Gold Miners Stage Comeback as Share Sales Surge to Record High

October 1, 2025

NorvanReports at 5: The Rise of a Fearless Voice in Ghana’s Economic Storytelling

October 1, 2025

Sylvia Owusu-Ankomah Appointed CEO of The Ghana Chamber of Telecommunications & The Digital Chamber of Ghana

October 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.