Tuesday, 05 May

Attorney General probes disappearance of GH¢850 million belonging to ECG

News
Power Distribution Services,Electricity Company of Ghana.

The spokesperson for the Office of the Attorney-General, Benjamin Alpha, has revealed that four individuals connected to Power Distribution Services are being investigated over the suspected disappearance of about GH¢850 million belonging to the Electricity Company of Ghana.

The disclosure follows an earlier update by the Minister of State in charge of Government Communications, Felix Kwakye Ofosu, who confirmed on Monday, May 4, 2026, that four persons linked to PDS had been arrested by the Bureau of National Investigations in connection with the suspected movement of ECG funds.

Speaking to Class News, Mr Alpha explained that the matter originates from a transitional arrangement between the parties, where assets and liabilities were expected to be reconciled ahead of arbitration proceedings.

He indicated that although ECG emerged successful in the arbitration, funds that were meant to remain in its accounts were later discovered to be missing, with the four suspects now under scrutiny for their possible involvement.

Mr Alpha emphasised that the investigation is still in its early stages and no charges have been filed.

 

He added that the amount being examined is estimated at GH¢850 million, noting that further details will be provided as the probe continues.

Source: Classfmonline.com/Zita Okwang