Member of Parliament for Sekondi, Andrew Egyapa Mercer has denied being a shareholder of Power Distribution Services (PDS).

He explained that despite being a director of one of the local companies that owned shares in PDS, he does not own shares in it.

According to him, he was only engaged as a lawyer to register one of the companies, TG Energy Solutions Ghana Limited, in 2014.

Speaking on Citi News, Mr Mercer said: “I do not have any interest or whatsoever in PDS. I am not a shareholder [of PDS], neither am I a director of PDS. In 2014, when I was practising as a lawyer, some persons that I know requested that I incorporate a company for them. The name of the company was given to me by the said persons and of course, they gave me the name of one individual that they intend to be the director and asked that I be the other director or secretary of the company – an activity that many lawyers do in the course of their work. So I proceeded to incorporate the company. I obtained the certificate of incorporation on the 24th of June 2014 and that was the extent to which my involvement ended,”

His comments is in response to assertions by the Editor of the Herald Newspaper, Larry Alan Dogbe, that sought to implicate him and two others in the PDS concession debacle.

he government of Ghana recently suspended its concession agreement with PDS.

The government in a statement on Tuesday announced that PDS’ concession agreement was suspended after the government discovered some breaches in the company’s obligation in the provision of payment securities.

The statement said the action to put the agreement on hold was necessitated by “the detection of fundamental and material breaches of PDS’ obligation in the provision of Payment Securities (Demand Guarantees) for the transaction which have been discovered upon further due diligence”.