The Financial Intelligence Centre (FIC) has frozen the bank accounts of Power Distribution Services (PDS) following the detection of anomalies in the bank guarantee it provided prior to the takeover of the assets of the Electricity Company of Ghana (ECG).
According to the Minister of Information, Mr Kojo Oppong Nkrumah, the accounts were frozen prior to the issuance of an official government statement last Tuesday on the suspension of PDS.
He explained that government quickly alerted the FIC after the detection of anomalies in the PDS guarantee, resulting in the freezing of the company’s accounts.
He noted that the accounts would remain frozen until investigations were completed and all issues unraveled.
“It is important for Ghanaians to note that the government is committed to ensuring that all assets of the Electricity Company of Ghana (ECG) are secure,” Mr Nkrumah assured.
The re-transfer of ECG’s assets in the possession of PDS was ongoing, the minister said.
Source: graphic.com.gh/energynewsafrica.com
