President John Mahama has inaugurated a new 13-member governing board for the Millennium Development Authority (MiDA).

Chaired by Professor Sefa Dedeh, the board has representatives from the Energy & Petroleum, Power, Trade & Industry, Finance, Gender, Children & Social Protection Ministries.

Also on the board are Prosper Adabla, George Ahiadzi, Tony Oteng Gyasi as well as representatives from the Electricity Company of Ghana (ECG), Northern Electricity Distribution Company (NEDCO) and the CEO of the Millennium Development Authority.

According to the President, ?the Board of Directors will have ultimate responsibility for oversight, direction and decisions of MiDA as well as the overall implementation of the Compact.?

?The varied professional backgrounds and expertise of the Board members will be needed for the guidance, direction and oversight of MiDA to ensure that this Millennium Challenge Compact is properly used to execute the agreed programmes and catalyse the economic growth of Ghana through the provision of reliable power,? the President added.

The new MiDA board is expected to execute Ghana?s programme under the new Millenium Challenge Compact (MCC) signed in August 2014.

The $498.2 million Compact has been dedicated to the country?s power sector to ensure the expansion and stability of power supply in our country.

President Mahama charged them to work quickly and provide the required leadership that will enable the country access the first tranche of the Financing under the new MCC Compact.

?I wish to charge the Board to work as a team and to provide the needed leadership to MiDA. We were successful in the first Compact and we are expecting even greater success for this second Compact?, he noted.

Source: Flagstaff House Communications

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