Ghana is likely to lose $190 million over the cancellation of the concession agreement with Power Distribution Services Ghana (PDS), Minister of Energy, Peter Amewu has confirmed.

In an interview with TV3 on Wednesday, the minister said Ghana may not be able to access part of the second Millennium Challenge Corporation Compact dubbed Ghana Power Compact.

“The danger is the second tranche of the facility [under the Millennium Challenge Compact]; that of course is what we all need to see whether it will be threatened as a result of the discovery of the finding,” he remarked.

Ghana is expected to receive the second tranche of $190 million from the Millennium Challenge Compact after meeting requirements to access the funds.

The country signed an agreement with the United States government to release some $498.2 million to support the transformation of Ghana’s electricity sector and stimulate private investment.

The first tranche of $308.2 million was released in 2016.

But Peter Amewu is hopeful the Millennium Development Authority would be “interested” that it was government’s effort that has detected the fraudulent process.

“But I think what the MCCA and MIDA needs to be aware of is the fact that government has taken a decision and of course it is government’s efforts that has led to this so I think they will be quite happy.”