The PDS scandal in Ghana demonstrates how public-private partnership deals can become vehicles for corruption when proper oversight and financial security requirements are not enforced. The project, originally intended to fix Ghana's power sector with $498.2 million in US grants, collapsed because the private consortium failed to provide valid financial guarantees, instead using fraudulent insurance guarantees. This resulted in the loss of international aid, years of legal battles, and allegations that lawyers allegedly spent 88 million Ghana Cedis as legal fees while the consortium withdrew over 1 billion Ghana Cedis from accounts. The case illustrates the importance of strict due diligence, transparent financial security mechanisms, and accountability in public-private partnerships.
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PDS SCANDAL: How NPP Lawyers Blew Ghc88Million As Legal FeesAdded:
PBS scandal. How M P lawyers blew 88 million Ghana cities as legal fees.
Jesus have mercy. Have you seen that kind of money before?
H 88 MILLION GHANA CITIES as legal fees.
THERE'S A CERTAIN project that is coming to Ghana and that project we need lawyers and MP decided to go for its own lawyers as we are being told and the lawyers allegedly blew 88 million Ghana cities all in the name of a certain animal called PDS.
NOW HOW DID THE WHOLE PDS conversation start? NOW PDS SIMPLY MEANS POWER distribution services. My brother my sister. Oh Lord. And we're going TO TELL YOU HOW THE WHOLE THING STARTED. NOW IN THE DAYS OF DOOMSAW in 2014, President Mama was so confused because Ghanaians were giving him pressure.
Election was coming in 2016. He needed to fix Doomso and he tried EVERYTHING POSSIBLE. NOW AMERICA came in and said, "You know what? We can give you about 498 million AMERICAN DOLLARS, CLOSE TO 500 MILLION AMERICAN DOLLARS, HALF A billion American dollars for you to be able to fix your country's problems, electricity problems." And Muhammad said, "Well, this is a good one." But America said, "DON'T BE TOO EXCITED. BUT BEFORE WE CAN GIVE YOU THAT MONEY, YOU MUST MAKE sure that PRIVATE IN FACT PARTICIPATION IN THIS DEAL IS very very much so. In other words, bring private people into it." And it came out. Mama agreed that okay, foreign ownership will be about 80%.
And then Ghana and private whatever it is will take the rest of the 20%. Can I repeat that? 80% will go to foreign ownership and then 20% to local and private ownership all combined to give you 100%. My brother my sister. So 2014 they were working ON THIS. NOW BY 2016 Mahama was already out of government and MP came in. Oh, full power, full energy. And when Nana Adamaqua Aku came into power, he said, "You know what? The 80% Mahama is giving to the foreigners is TOO MUCH. WE WANT LOCAL OWNERSHIP.
IN FACT, if we give THEM 80%, WE ARE demeaning and undermining our sovereignty." And I agreed with him. So, he gave Ghana 51% and we all applauded.
Oh, what a man. SO MUHAMMAD WAS GOING TO GIVE 80% TO THESE foreigners and GIVE US WHAT? JUST 20%. NO. NANA ABDO SAID NO sir we will give you 51%.
And 49% can go to whoever so that we can maintain our sovereignty. My brother, my sister, in 2019 PDS officially started.
Power distribution services started in Ghana. And when it started, what happened? HI. RIGHT WHEN IT STARTED, they needed to come with some insurance cover.
INSURANCE COVER BECAUSE FOR 5 YEARS THEY WERE SUPPOSED to be able to pop money into the system, invest into the infrastructure and even more. What was PDS supposed to do? PDS was supposed to regularize power supply and it came to a point that they were even supposed to open up outlets in the whole of the country and receive money my brother my sister from Ghanaians who use power your electricity bill hey this was PDS now let me give you the FACTS AND FIGURES RUN THE doia let's see exactly how the conversation started and you will see that In plain black and white, a lot of things happen. Watch this. NOW, THE CONVERSATION SURROUNDED what became the PDS deal started in August 2024, 2014.
As you were told, it was born out of a financial necessity to fix Ghana's energy sector, WHICH WAS STRUGGLING WITH MASSIVE debt and frequent power outages, aka Dubiso. NOW, AUGUST 5, 2014, the government of Ghana under JDM, that's MAMA, SIGNED THE GHANA POWER COMPACT, THAT'S COMPACT 2, with the United States Millennium Challenge Corporation, MCC.
Now, the condition was simple. To unlock 498.2 million American dollars as you were adequately and accurately told in US grants, Ghana was required to introduce private sector participation, PSP. All right. In the management of the electricity company of Ghana. So this is A CONFIRMATION. NOW SEPTEMBER 2016, THE COMPACT OFFICIALLY entered into force meaning THE CLOCK STARTED TICKING FOR GHANA TO FIND A PRIVATE PARTNER. HEY, and look at what happened. The magic THAT HAPPENED. NOW WHILE THE CONVERSATION STARTED UNDER the Mohamad administration, the execution changed significantly after the 2016 election.
Now this was the original plan between 2014 and 2016. The initial framework proposed an 80% foreign and 20% local ownership split for the private sector.
It's a confirmation. Now renegotiation happened in 2017 under Nana Adamaqua Akuanu who gave Ghana 51% and 49% went to some other people. So that is a confirmation. Run it. WATCH THIS. NOW IN 2018 after a bidding process led by the Millennium Development Authority, Mida, the Miracle Consortium, listen was selected. They eventually rebranded and they called themselves the PDS, Power Distribution Services Ghana Limited. Then it became a scandal. It was a chameleon. It could change colors.
From Miralco, it became PDS. from PDS.
IT BECAME A WILD ANIMAL on the rampage.
Hey, now the conversation shifted from reform to scandal in early 2019. Nana Abdo was still in power. ON THE 1ST OF MARCH, 5 days before the independence of Ghana 2019, PDS officially took over ECG operations officially.
2019.
Now to speed UP THE TAKEOVER THE GOVERNMENT ALLOWED PDS to provide insurance guarantees instead of required bank guarantees and that was a big standal. See what happened now the discovery just 5 months later in July 2019 it was discovered that the guarantees from a Qatari insurance firm were fraudulent.
They had been involved in fraud.
In fact, THE INSURANCE THEY BROUGHT TO US was fraudulent. They took the country for A RIGHT. SO THE IDEA STARTED AS A 2014 US BACK reform to save the power sector, but it turned into a scandal by 2019 in the hands of the NP.
THIS IS THE PDS WE ARE TALKING ABOUT.
PDS TOOK over Electricity Company of Ghana Limited work and then it became a wild animal. Can I tell you more? Run the Dia. Now watch this. IT'S VERY INTERESTING. NOW THE PDS DEAL WAS A 20YEAR CONCESSION AGREEMENT INTENDED TO PRIVATIZE THE MANAGEMENT OF THE Electricity Company of Ghana, ECG. IT WAS A CENTRAL REQUIREMENT FOR GHANA to access $498.2 million in grant funding from the US Millennium Challenge Corporation MCC under the power compact 2. As you were told earlier, Ghana got 51% and watch this 51% owned local consortium including TG Energy Solutions. THAT'S 18%. SANTA BARON, HOW MANY OF US KNOW SANTA BARON? Do you know who Santa Baron is linked to? DO YOU KNOW THAT? SANTA BARON VENTURES 13% AND WE HAVE SPOKEN EXTENSIVELY ABOUT Santa Baron on this show. Today we won't repeat it. Now GD GTS Engineering 10% and TBK Ghana 10%.
That is the breakdown. Brother my sister of the 51% different Ghanaian companies came in and that is what it is. trip my BROTHER MY SISTER NO 49% was for the foreigners led by Moralco from Philippines LISTEN AND 30% and with 30% and a energia that's in Angola that's Angola energy a energia with 19% so 30 + 19 is 49 PDS was expected to invest over 518 MILLION AMERICAN DOLLARS, FAR MORE than what the American people were going to give to us as grants in its first 5 years to upgrade infrastructure and reduce doomsaw as power outages. But were they able to do that? Watch this.
To take over ECG's assets valued at three billion American dollars, PDS was required to provide a demand guarantee, a financial security to protect the state. if PDS defaulted. Oh yes. So insurance PDS couldn't secure a standard bank guarantee in time. So the government allowed them to use an insurance guarantee instead.
That is the scandal.
One of the biggest. Oh, you can't get a bank guarantee. You can use an insurance guarantee instead. AS TO HOW THEY WERE ABLE TO ARRIVE at this mediocre nation selling insurance guarantee. Only God CAN TELL.
NOW WATCH THIS. HEY things are happening now. This is THE FRAUD. NOW INVESTIGATIONS later revealed the guarantees from A I Cook Insurance Katar were fraudulent and issued by an unauthorized official without a company's knowledge. PDS reportedly used 11.5 million Ghana cities from its own operating account. That's money collected from Ghanaian, you and I. They collected 11.5 million Ghana seeds from us to pay the premium for these fraudulent guarantees.
Can you imagine? They took money from us, collected and used that to pay the premium. That means they came with nothing. They were just here to rob us.
And the NP GOVERNMENT DECIDED TO SIT BACK AND MAKE IT EASIER for them to have a walk in the park. Now watch this. July 2019, the government suspended THE DEAL UNDER PRESSURE FROM JOURNALISTS AND THE PEOPLE OF GHANA. 2019 it started and the same 2019 it crashed because of fraud.
Now by October 2019 the contract was officially terminated. Now because the US government flip now because the US government Mhm. MAINTAINED THE DEAL WAS VALIDLY EXECUTED and the termination was unwarranted. They withdrew $190 million of the promised grant and gave decided to give out less. But PDS sued for $350 million in damages for wrongful termination. But an international tribunal in London EVENTUALLY DISMISSED ALL THEIR claims in the late 2025.
So the international tribunal said you know what PDS you are fraudulent YOU ARE DIRTY GET away and chase them out. Now the bottom line is simple my brother the deal collapsed because PDS failed to provide valid financial security which led to a massive loss of international aid and years of legal battles. Dash it away.
Hey, that was what happened. My brother, my sister, the money America was supposed to give to us did not come. We lost a big chunk of that and money we're supposed to be able to use PDS to raise.
Everything went flat because PDS became a scandal, the mother of all scandals in Ghana. Now four people have been arrested.
The BNI alongside Yoko came together and they were able to arrest four prominent people my brother my sister in the PDS team and the minister of communication at the presidency Mr. slapped us with the information.
What did he post on Facebook?
Watch this. FELIX ORAL UPDATE. THOSE WHO SAY ORAL IS DEAD, this one is for you to take orally. He says the Bureau of N National Intelligence, BNI, arrested the following persons affiliated to PDS LAST WEEK AS PART OF INVESTIGATIONS into the transfer of large sums of money believed to belong to ECG and one of them is Indian.
Number one is Philip Aayu. Do you know him?
Do you know Philip Aayenu? This is the guy Philillip Ayensu that's him for his role in the WHOLE DEAL. WE HAVE VIRAGE FACTS WE HAVE not been able to hold his photograph. He's an Indian.
In fact, the authorities decided to put them on the red list. No flight.
And boom, they were all arrested. All four, my brother, my sister, and many more SHALL BE ARRESTED. NOW, THE LADY UP THERE IS SOPIA.
Her name has also been mentioned in the list of four.
That's it. Sopia, my brother, MY SISTER, OH MY GOD. And she is a darling of HE LOVES HER SO much and she is a barristister at law and a member of a certain law firm where justice mere is one of the biggest solicitors in there and Justice Mena Premo is with this outfit. The OBB established in 1996. MEA primo Bonsu Bruce Catlin and partners my brother my sister on the political landscape. These are people who have strong feelings and sympathies for the NP.
Some people simply call them NP lawyers.
So NP decided to go for justice mea primo. So fire and the OBB and information reaching us has said that they have allegedly blown 88 million Ghana cities as legal fees.
What kind of legal work did they do my brother and my sister? to the point that Ghana lost this much that even the insurance that was supposed TO BE A BANK GUARANTEE ALL OF a sudden became insurance guarantee and even that became fraudulent. The Qatari outfit decided to swindle the people of Ghana.
And to make it worse, MY BROTHER, OVER 1 BILLION GHANA cities was withdrawn by these guys at PDS and they moved it from one account to the other as we were told, allegedly trying to bamboozle the prying eyes of the Ghanaian lens.
Today my brother my sister they are in the grips of the law.
CAN YOU IMAGINE SOMETHING THAT STARTED IN 2019 AND THE SAME n 2019 by October the deal was cancelled yet lawyers were allegedly paid 88 million Ghana cities and these lawyers we are told are allegedly NPP sympathizers.
NOW WHEN MAMA LEFT POWER, THEY TOOK ADVANTAGE OF THE WINDOW of transfer and pulled out over 1 billion Ghana cities from their accounts.
My brother, my sister, do we love our country or we are just taking our country for granted?
Did they really steal from the nation?
How did they steal FROM THE NATION?
WHY DID THEY steal from the nation?
When did they steal from the nation?
It hurts.
It hurts, my brother. And it brings tears into my eyes when I see a lot of these children walking hungry on the street. And I see the schools under the trees. And I see this morning I read about how two JHS boys were crashed on their way to a right examination.
Poor roads all over the place. Hospitals with no beds. Pregnant women lying on the floor in labor. Some of them don't even get access to the hospital and they die. Yet some of us can milk the country like this. Do we truly love our country?
Should we introduce the firing squad for some of these people who have no respect for our nation? Cuz it looks like the jail is too mild.
AP when the trigger is pulled and we hear the rattling of the gun and we see heads and brains scattered and shattered, then it will be enough warning that death is near that we need to love our nation.
Well, investigations are still going on and it is our prayer that we will get to the bottom of this and make Ghana proud again.
is the black port aka where we speak truth to
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