The Office of the Attorney-General has revealed that four individuals associated with Power Distribution Services (PDS) are under investigation over the disappearance of approximately GH¢850 million belonging to the Electricity Company of Ghana (ECG). The disclosure, made by the Attorney-General’s spokesperson, Benjamin Alpha, follows confirmation by the Minister of State for Government Communications, Felix Kwakye Ofosu, that the suspects were arrested by the Bureau of National Investigations on Monday, May 4, 2026, in connection with the suspected transfer of ECG funds.
Speaking on Eyewitness News the same day, Mr. Alpha explained that the matter arises from a transitional arrangement in which assets and liabilities were to be reconciled before arbitration proceedings concluded. He noted that although ECG prevailed in the arbitration, funds expected to remain in its account were later found to have been depleted, with the four individuals now suspected of involvement.
Mr. Alpha emphasized that the investigations are still at an early stage and that no formal charges have yet been filed.
“Their charges cannot be discussed at this point because this is a very preliminary stage,” he said. “The investigation officers want to understand the full circumstances under which these monies left this account… They have been invited, questioned, and granted bail pending further investigation.” He added that the amount under investigation stands at GH¢850 million, with further updates expected as the probe progresses.
Source: William Narh
