Accra, March 13, GNA – Government would soon state its position with regards to the furtherance of the compact with the United State’s Millennium Challenge Corporation (MCC) which affects the operations of the Electricity Company of Ghana (ECG).
“Hopefully, very soon, the Government’s take on how to go forward would be out and our interest is making sure that this compact is implemented successfully so that the people of Ghana would benefit from it,” President Akufo-Addo said on Monday when he swore in an 11-member reconstituted board for the Millennium Development Authority (MiDA) in Accra.
He said it was important that his government critically assessed the compact and its various challenges, especially as they related to the progress of the ECG.
President Akufo-Addo said the board was mandated to ensure reliable and stable power for economic and personal development.
He expressed confidence in the membership of the board as being capable of handling the challenges and that at the end of the compact the people of Ghana would applaud him for choosing those assigns.
The new MiDA is chaired by Professor Yaa Ntiamoah Badu with its members being the Finance Minister, Mr Ken Ofori Atta, the Minister of Trade and Industry, Mr Alan Kyeremanteng, the Minister of Energy, Mr Boakye Agyarko, and the Minister of Gender, Children and Social Protection, Ms Otiko Afisa Djaba.
The others are the Minister of Business Development, Mr Ibrahim Mohammed Awal, the Minister of Justice and Attorney-General, Ms Gloria Akuffo, and the Chief Executive Officer of MiDA, Mr Owuraku Sarfo.
The rest are Dr Samuel Kwabena De-Souza, representing the Private Enterprises Foundation , Mr Humphrey Ayim Darko Dakeh, representating the Association of Ghana Industries, and a representative from the Association of Ghana Private Voluntary Organisations in Development whose name is yet to be presented by the association.
President Akufo-Addo said the core mandate of MiDA was to ensure that the objectives of the compact were achieved as members of the authority with voting rights.
He explained that the current compact had the specific goal of enabling the country to overcome the challenges that the energy situation posed to development.
He said the implication was that the MCC was making a critical intervention in the development agenda and charged the board to help resolve the critical aspect of the compact.
That aspect, the President said, was to do with the private sector solution to the development of the ECG.
The first compact, which was contracted under the tenure of former President Kufuor, was around 548 million dollars which was almost the same as the second.
It had to do with efforts to re-structure and transform the agricultural sector as well as the development of road infrastructure.
“We are very happy to see that the compact was successfully carried out and that has given the confidence for the Government of the United States to enter into the second one with us,” President Akufo-Addo said.
Professor Yaa Ntiamoah Badu, the Chairperson of the Board, said the task was huge but assured the President and the people of Ghana that; “whatever it takes to deliver, we would do that to ensure that MiDA achieves its objectives.”
She said the compact came at a very crucial time where there were challenges that needed to be addressed in a much more focused way adding; “we intend to do that to ensure the flow of reliable and stable power for the country”.