{"id":668772,"date":"2019-07-31T15:27:58","date_gmt":"2019-07-31T15:27:58","guid":{"rendered":"
\n
\"PDS\"<\/div>\n \n

T"},"modified":"2019-07-31T15:27:58","modified_gmt":"2019-07-31T15:27:58","slug":"check-out-pds-response-to-agreement-suspension","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/07\/31\/check-out-pds-response-to-agreement-suspension\/","title":{"rendered":"Check out PDS response to agreement suspension"},"content":{"rendered":"

<\/p>\n

\n
\"PDS\"<\/div>\n

The energy distribution company, Power Distribution Services (PDS) has reacted to government suspension of their concession agreement.<\/p>\n

The company in its response to the government\u2019s notice of contract suspension has said it will collaborate with the Government of Ghana as it seeks to probe its Payment Securities (Demand Guarantees) for the ECG takeover.<\/p>\n

READ ALSO: Audio: Energy Minister cites fraud as reason PDS contract was suspended<\/strong><\/p>\n

In a statement\u00a0 by the Minister of Information, Kojo Oppong Nkrumah, it said: \u201cThe decision follows the detection of fundamental and material breaches of PDS\u2019 obligation in the provision of Payment Securities (Demand Guarantees) for the transaction which have been discovered upon further due diligence.\u201d<\/p>\n

But responding to the statement by the Chief Executive Officer of PDS, the company said: \u201cit has taken notice of the statement and wishes to say it has always acted in good faith and will not rush to put out any information until they are substantiated.\u201d<\/p>\n

The Government of Ghana, through the Ministry of Finance and the Electricity Company of Ghana (ECG) on Tuesday, suspended the concession agreement with Power Distribution Services (PDS) Ghana Limited with immediate effect.<\/p>\n

Below is the full statement from PDS<\/strong><\/p>\n

\"No<\/figure>\n

Source: Adomonline.com<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The energy distribution company, Power Distribution Services (PDS) has reacted to government suspension of their concession agreement. The company in its response to the government\u2019s notice of contract suspension has said it will collaborate with the Government of Ghana as it seeks to probe its Payment Securities (Demand Guarantees) for the ECG takeover. READ ALSO: […]<\/p>\n","protected":false},"author":1,"featured_media":652583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-668772","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nCheck out PDS response to agreement suspension - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/07\/31\/check-out-pds-response-to-agreement-suspension\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Check out PDS response to agreement suspension - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"The energy distribution company, Power Distribution Services (PDS) has reacted to government suspension of their concession agreement. 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