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According to the executive director of Africa Centre for Energy Policy (ACEP), Ben Boakye , Ghana must be focused on securing the almost $500 million under the Millennium Challenge Account Compact II regardless the several distractions that have impeded the process in the last few years .
However, Mr Boakye Agyarko, the Minister of Energy has reiterated government’s commitment towards the Ghana Millennium Challenge Compact II programme, particularly with regard to the Private Sector Participation in the Electricity Company of Ghana (ECG).
He said: “Despite the challenges that arose as a result of differences between stakeholders, particularly between labour, ECG and the Millennium Development Authority (MiDA), I wish to note that we are making good progress as the stakeholders make efforts to address their differences.”
“We have recently held the Bidders’ Conference to pave way for the shortlisted companies to submit
Speaking in Accra at the luncheon of the American Chamber of Commerce (Ghana), Mr Boakye Agyarko said the stakeholder deliberations would continue to ensure the smooth implementation of the programme.
Chief Executive Officer of MiDA, Owura Kwaku Sarfo said he is confident about the prospects of the Ghana Power Compact and its intended benefits to workers of ECG and Ghanaians.
Government has amended the terms of the concession agreement by giving 51% ownership to Ghanaians and promised that workers would not be laid off. The duration of the concession has also been reduced from 25 years to 20 years