According to the Minister, the relationship between the two countries goes beyond differences over how the power deal should be structured.
“The Republic of Ghana and the United States of America are truly long-term partners with a shared vision of a Ghana Beyond Aid and the USA’s principle of a ‘Journey towards Self-Reliance’,” he said.
He also noted that the relationship between Ghana and the US was anchored by the emergence of Ghana as a pillar of stability in West Africa and on the African continent.
Mr Ofori Atta added that “there are periods that we will have differences, but does not mean you don’t remain as partners.”
Background
The government last week announced the cancellation of the PDS concessionaire over what it describes as challenges with the financial guarantee provided for the deal.
However, this has not gone down well with the US government.
Now acting through the Millennium Challenge Corporation (MCC), the US government has maintained there was nothing wrong with the deal. This forced them to cancel the remaining $190 million that Ghana could have drawn down through the Millennium Development Authority (MiDA) for supporting the energy sector.
The government signed a concession agreement with PDS in March 2019, handing over more than GH¢22 billion in assets of the Electricity Company of Ghana (ECG).
But by July 2019, PDS was suspended after the government said, per contract terms; it failed to provide demand guarantees as proof of its financial ability to run ECG. Read Full Story
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