{"id":668794,"date":"2019-07-31T16:29:00","date_gmt":"2019-07-31T16:29:00","guid":{"rendered":" <br><div>\n            <div class=\"td-post-featured-image\"><img width=\"696\" height=\"429\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/ghana-mma.com\/wp-content\/uploads\/2019\/07\/download-Copy-696x429.jpg\"   alt=\"ECG\" title=\"ECG\"\/><\/div>            \n  "},"modified":"2019-07-31T16:29:00","modified_gmt":"2019-07-31T16:29:00","slug":"audio-man-who-forged-pds-concession-deal-suspended","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/07\/31\/audio-man-who-forged-pds-concession-deal-suspended\/","title":{"rendered":"Audio: Man who forged PDS concession deal suspended"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"429\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/07\/download-Copy-696x429.jpg\"   alt=\"ECG\" title=\"ECG\"\/><\/div>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"260px\" src=\"https:\/\/clip.afrad.io\/?clipId=sRKaDL3gfEanT2fPJ\" frameborder=\"0\"><\/iframe><\/p>\n<p>\u201cThe gentleman, who signed the concession agreement with Power Distribution Services (PDS), has already been suspended,\u201d this is according to Energy Minister, John Peter Amewu.<\/p>\n<p>Speaking on Joy News\u2019 <strong>AM Show<\/strong>, Wednesday, the Minister said the officer, who executed the Guarantees (Lease Payment Security and BSA Payment Security) from Al Koot, a commercial insurer and re-insurer, based in Qatar was not authorised and that the guarantees are null and void. <\/p>\n<p><strong>ALSO: Audio: I\u2019m trending \u2013 Prophet Badu Kobi mocks critics<\/strong><\/p>\n<p>To Mr Amewu, the revelation came to light following series of due diligence tests the guarantees were subjected to by the Electricity Company of Ghana (ECG).<\/p>\n<p>He said the person was believed to be an employee of<br \/>\nthe commercial insurer based in Qatar.<\/p>\n<p>Government has brought back the ECG to take full control of power distribution in the country.<\/p>\n<p>ALSO: <strong>N\/R: Robbers attack police at checkpoint, kill one and steal their weapons<\/strong><\/p>\n<p>According to Information Minister, Kojo Oppong<br \/>\nNkrumah, the decision was taken after government detected \u201cfundamental and<br \/>\nmaterial breaches of PDS\u2019s obligation in the provision of Payment Securities<br \/>\n(Demand Guarantees) for the transaction which have been discovered upon further<br \/>\ndue diligence.\u201d<\/p>\n<p>Mr Amewu said the company, Al Koot, has promised to take the issue seriously and deal with others involved in the fraudulent acts.<\/p>\n<p>He assured that the government is taking steps to ensure the development does not affect distribution, billing and payment services.<\/p>\n<p><strong>Source: Adomonline.com | Dorcas Abedu-Kennedy<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe gentleman, who signed the concession agreement with Power Distribution Services (PDS), has already been suspended,\u201d this is according to Energy Minister, John Peter Amewu. Speaking on Joy News\u2019 AM Show, Wednesday, the Minister said the officer, who executed the Guarantees (Lease Payment Security and BSA Payment Security) from Al Koot, a commercial insurer and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":668795,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-668794","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Audio: Man who forged PDS concession deal suspended - 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\/audio-man-who-forged-pds-concession-deal-suspended\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Audio: Man who forged PDS concession deal suspended - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"\u201cThe gentleman, who signed the concession agreement with Power Distribution Services (PDS), has already been suspended,\u201d this is according to Energy Minister, John Peter Amewu. 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