Four linked to PDS arrested as BNI probes alleged ECG fund transfers
The arrests were disclosed on Monday, 4 May, by Government Communications Minister Felix Kwakye Ofosu, who said the inquiry is focused on tracing how the money was moved and whether any criminal conduct was involved.
The Bureau of National Intelligence has arrested four people connected to Power Distribution Services as investigators examine the movement of funds believed to belong to the Electricity Company of Ghana.
The suspects, identified as Philip Ayensu, Viraj Phat, Sophia Korkor and Justice Menka-Premoh, were arrested last week and have since been granted bail while investigations continue.
The arrests were disclosed on Monday, 4 May, by Government Communications Minister Felix Kwakye Ofosu, who said the inquiry is focused on tracing how the money was moved and whether any criminal conduct was involved.
The case revives attention on PDS, the private company that in 2019 took over ECG’s distribution operations under Ghana’s power sector reform programme supported by the US Millennium Challenge Corporation’s Compact II.
That concession had been presented as a major restructuring step, intended to improve efficiency, cut losses and draw private capital into electricity distribution.
But the arrangement collapsed within the same year after the government raised concerns about the authenticity of critical financial guarantees backing the deal, especially the demand guarantee that underpinned the transaction.
PDS’s operations were suspended soon after, and control of electricity distribution reverted fully to ECG.
With the latest arrests, investigators are now revisiting financial transactions linked to that troubled concession. Authorities say the probe is still ongoing and that more updates will be issued as the matter develops.
