News:
June 8, 2021
Deputy Minister-designate for Energy, Andrew Egyapa Mercer has told the Appointment Committee of Ghana’s Parliament he did not play any role in the failed PDS concession.
According to him he was neither a director or a shareholder in PDS and found it amazing how he had been linked to PDS.
He, however, pointed out that in 2014 he was engaged to incorporate a company for a client of his who asked him to be a Director Secretary, and for him it was usual with law practice. The company was TG Energy which went into incorporation joint-ship referred to as a consortium that bided for the ECG -PSC process.
They ultimately worn, and incorporated a company called PDS that contracted with government of Ghana, and pointed out to the Committee that, in corporate law principles it is clear that a company is distinct and separated from its shareholders.
“PDS when it was incorporated had its own directors and secretaries; I took the pain to do an official search before appearing before your committee and it was clear who the directors of the company are and shareholders are, and nowhere do Andrew Egyapa Mercer comes in”.
This came out on Monday, June 7, 2021 when a member of the Appointment Committee Yaw Patrick Boamah, wanted to know his association with the failed PDS-ECG concession, because anytime that issue comes up, the Informa Newspaper had him link to it.
“I am not a shareholder of the company, I incorporated, my role as a director in TG Energy cannot under any circumstance be describe as transferrable to entitlement to having an interest in that transaction”.
Kwaku Sakyi-Danso/Ghanamps.com