President Nana Akufo-Addo has tasked the newly sworn-in Board of the Millennium Development Authority to come up with a clear roadmap that will guide government’s decision in the issue of the intended concession of the Electricity Company of Ghana under the Millennium Challenge Corporation (MCC) Power Compact II.
“There is a major task before you which is to help resolve the future of the critical part of this compact; which is the private sector solution to the development of the electricity corporation of Ghana which is on the table,” President Akufo-Addo newly sworn-in Board of MiDA, Monday.
The President on Monday swore in the 11 member board headed by Professor Yaa Ntiamoah Badu at the Flagstaff House.
In swearing in the Board, President Akufo-Addo charged them to make sure the various challenges inherent in the progress of the compact involved in the Electricity Corporation’s role and the manner of its law are resolved.
He added: “Government has already started doing so. Some of the key people who are involved in that are also members of your board and hopefully, the government’s take on how we go forward will be out and our interest is making sure that this compact is implemented successfully so that the people of Ghana would benefit from it.”
Ghana and the Millennium Challenge Corporation of the US government signed the second Compact worth $498 million in October 2016.
As part of the terms under the MCC Compact II and as a condition to access the grant from the US government, ECG must be given to a private sector company to operate and manage its distribution business.
However, the move has been met with stiff opposition from some staff of ECG who fear they would be laid off in the the privatisation of the company.
The advice of the Board, therefore would determine the next line of action in the planned move.
