Termination of PDS deal won’t mar Ghana-US relations – Finance Minister

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The Minister of Finance, Ken Ofori-Atta has downplayed fears that the termination of the Power Distribution  Services (PDS) deal will adversely affect the relationship between the Government of Ghana and the United States of America.

He said it was healthy that both countries shared varied views concerning the future of the agreement.

While accepting that Ghana’s decision cost the country some US$190 million, he said the US also lost the opportunity to use Ghana to evacuate power, although the country had a more favourable environment for that to be done.

Speaking on Citi TV’s current Affairs program, The Point of View, the Finance Minister said that the two nations are focused on building a much stronger relation following the PDS debacle.

“In every relationship, there will be a point of departure. The point of departure is the interpretation of events and that is okay. I think that it is healthy but what does that mean? It means that America does not get to use Ghana to evacuate power because I think that we are the best place to get it done and then we also do not get US$190 million. But the relationship is much stronger than that. I suspect that this too will pass and we will go on to be great partners,” he said.

The Minister announced, on The Point of View, that Ghana will now adopt a more opened tendering process in selecting a new partner to replace PDS.

According to him, the US government’s withdrawal of the second tranche amount of US$190 million now gives Ghana more time to select the partner.

The government had initially planned to use restrictive tendering to select the new partner due to the limited time it had.

 

-Citi

ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). In 2015, he won a £35,000 postgraduate scholarship to study MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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