Former Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has revealed that there was virtually no investment made in the company during the first term of President Nana Akufo-Addo's administration.
Speaking at the JoyNews National Dialogue on Thursday, April 10, Mr Mahama explained that the lack of investment was largely due to the government's focus on privatising the power distribution company during that period. "If you cast your mind back, during the President's first tenure, all efforts were geared towards sending ECG into privatisation.
So, there was zero investment in the company," Mr Mahama stated.
He recounted the failed Power Distribution Services (PDS) deal, which saw the management of ECG transferred to PDS for about eight months before the deal collapsed.
