Dr. Kwabena Donkor, former Minister of Power, has suggested that the Millenium Challenge Corporation (MCC) is overstepping its bounds with its ultimatum issued to Ghana to reinstate PDS or forfeit the $190 million, ABC News can report.
Dr. Kwabena Donkor contends that Ghana is a sovereign State and, therefore, the MCC cannot dictate to Ghana and force illegality down the throat of the government. The former Minister under the erstwhile Mahama administration, therefore, supported Ghana’s intention to terminate PDS’s concession agreement with ECG.
The Pru East MP urged the government to remain resolute even if it will cost the nation the promised $190 million. He averred that Ghana’s problems are far greater than the promised Compact II amount and hence government should not undermine the sovereignty of the country.
He proposed that the government can forgo the said amount and float shares of ECG on the stock market to mobilize funds to develop Ghana’s energy sector.
“We are a sovereign state. We can’t take instructions from MCC”, Dr. Kwabena Donkor emphasized.
Government in a letter dated October 18, 2019, to the MCC announced the intention to terminate the ECG concession agreement with PDS, which came into effect on March 1, 2019, and saw PDS take over the distribution and revenue generation aspects of ECG’s work.
However, Ghana’s decision appears not to sit well with the US Government which has given the Ghana Government an October 30 deadline to reconsider the decision or face the consequences which include losing $190 million under the MCC Compact II and not being considered for the MCC Compact III.