{"id":731876,"date":"2019-10-26T15:57:22","date_gmt":"2019-10-26T15:57:22","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/10\/26\/dissolve-mida-board-former-dep-energy-minister\/"},"modified":"2019-10-26T15:57:22","modified_gmt":"2019-10-26T15:57:22","slug":"dissolve-mida-board-former-dep-energy-minister","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/10\/26\/dissolve-mida-board-former-dep-energy-minister\/","title":{"rendered":"Dissolve MiDA board &#8211; Former Dep. Energy Minister"},"content":{"rendered":"<p><\/p>\n<div data-io-article-url=\"https:\/\/www.adomonline.com\/dissolve-mida-board-former-dep-energy-minister\/\">\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"545\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/10\/John-Jinapor_09-696x545.jpg\"   alt=\"\" title=\"John Jinapor_09\"\/><figcaption class=\"wp-caption-text\">John Jinapor, former Deputy Minister of Energy <\/figcaption><\/figure>\n<\/div>\n<p>The Yapei Kusawgu\u00a0Parliamentarian,\u00a0John Abdulai Jinapor,\u00a0has called on government to dissolve the Millennium Development Authority (MiDA) board following the botched PDS deal.<\/p>\n<p>He told Samson Lardy Anyenini, host of JoyNews\u2019 news analysis show, Newsfile, Saturday that\u00a0the current members\u00a0\u201care not fit to sit on that board\u201d.<\/p>\n<p>He further advised government to, \u201cexercise maximum restraint and hold back from rushing to introduce any private sector participant in ECG\u201d.<\/p>\n<p>The concession agreement with Power Distribution Services was terminated on the instruction of\u00a0the President after its suspension three months ago on the grounds that the agreement was tainted with fraud.<\/p>\n<p>The company was engaged in March but since its suspension on July 30, PDS had been embroiled in a corporate governance tussle among the shareholders.<\/p>\n<p>A\u00a0Ghanaian local consortium holds the 51% of the shares\u00a0while the remaining 49% shares are\u00a0for two foreign companies, Manila Electric Company Limited (Meralco), a Filipino company with 30% shares and Aenergia, an Angolan company with 19%.<\/p>\n<p>Foreign player, Meralco offloaded its shares to\u00a0Meridian Power Ventures Ltd, a letter to\u00a0a key transaction advisor, the US-backed Millenium Development Authority (MiDA) confirmed.<\/p>\n<p>Following the termination, the Minority in Parliament and members of the opposition National Democratic Congress (NDC) have called out government for being incompetent in the whole deal.<\/p>\n<p>John Jinapor said on the show, \u201cWe entrusted to them some responsibility, they had a duty of care to the people of Ghana, they failed in that exercise and they should go\u201d.<\/p>\n<p>He, therefore, wants the MiDA\u00a0made up of 14 members with 11 of them having voting rights to be dissolved\u00a0<\/p>\n<p>They include the Finance Minister, Ken Ofori Atta, Minister for Trade and Industry, Alan Kyeremanten;\u00a0Energy Minister, Peter Amewu and the Attorney General and Minister for Justice, Gloria Afua Akuffo among others.<\/p>\n<p><strong>Source: Myjoyonline.com<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>John Jinapor, former Deputy Minister of Energy The Yapei Kusawgu\u00a0Parliamentarian,\u00a0John Abdulai Jinapor,\u00a0has called on government to dissolve the Millennium Development Authority (MiDA) board following the botched PDS deal. He told Samson Lardy Anyenini, host of JoyNews\u2019 news analysis show, Newsfile, Saturday that\u00a0the current members\u00a0\u201care not fit to sit on that board\u201d. He further advised government [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":731877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-731876","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>Dissolve MiDA board - Former Dep. 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He further advised government [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.ghanamma.com\/2019\/wp-content\/uploads\/2019\/10\/John-Jinapor_09.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/10\\\/26\\\/dissolve-mida-board-former-dep-energy-minister\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/10\\\/26\\\/dissolve-mida-board-former-dep-energy-minister\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"headline\":\"Dissolve MiDA board &#8211; Former Dep. 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