{"id":10628,"date":"2019-10-01T18:53:47","date_gmt":"2019-10-01T18:53:47","guid":{"rendered":"https:\/\/www.nsemgh.com\/?p=10628"},"modified":"2019-10-26T17:54:45","modified_gmt":"2019-10-26T17:54:45","slug":"i-dont-own-shares-in-pds-oteng-gyasi","status":"publish","type":"post","link":"https:\/\/www.nsemgh.com\/2019\/10\/01\/i-dont-own-shares-in-pds-oteng-gyasi\/","title":{"rendered":"I don\u2019t own shares in PDS \u2013 Oteng Gyasi"},"content":{"rendered":"<p>The Managing Director of electrical cable manufacturing company, Tropical Cables and Conductors Limited has denied claims that he owns shares in Power Distribution Services (PDS).<\/p>\n<p>Tony Oteng-Gyasi said the claims that he has acquired shares in the company after its takeover of the Electricity Company of Ghana, are untrue.<\/p>\n<p>Speaking on TV3s Time with the Captains, Dr Oteng-Gyasi said while owning that amount of shares would have been good, \u201cunfortunately, I don\u2019t have it.\u201d<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/vCUImXYWrsQ\" width=\"650\" height=\"450\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p>He added \u201cI wish somebody had made me a formal offer. PDS is a privately owned company and it is only the owners of PDS who can make an offer to another person like myself to become part of it.<\/p>\n<p>\u201cUntil they make me that offer, I don\u2019t have it,\u201d he said.<\/p>\n<p>Following the suspension of the government of Ghana\u2019s contract with PDS, it was alleged that there was confusion over who would control the company.<\/p>\n<p>A Herald Newspaper report suggested the confusion was so fierce that there were attempts to redefine the shareholding structure and composition of the consortium with the introduction of companies such as; TBK World Plus Limited to be entitled to 15% and Tony Oteng-Gyasi also to be awarded 15% while the state-owned Ghana Infrastructure Investment Fund to be entitled to 10 percent.<\/p>\n<p>But Dr Oteng-Gyasi said the report is not true.<\/p>\n<p>Anyone who doubts this, he said, is free to check with the Registrar Generals Department to establish who the real shareholders and directors of PDS are.<\/p>\n<p>He, however, added that \u201cif I am made an offer, I will consider it very seriously and I will give conditions for joining that company just like any company that I am invited to join.\u201d<\/p>\n<p>In the interview, Dr Oteng-Gyasi also gave his views on politics and whether or not business people in the country should have political affiliations.<\/p>\n<p>Watch the video below:<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/5hgcZQ4jMLs\" width=\"650\" height=\"450\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Managing Director of electrical cable manufacturing company, Tropical Cables and Conductors Limited has denied claims that he owns shares in Power Distribution Services (PDS). Tony Oteng-Gyasi said the claims that he has acquired shares in the company after its takeover of the Electricity Company of Ghana, are untrue. Speaking on TV3s Time with the [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":10629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_post_source_name":"","_post_source_url":"","footnotes":""},"categories":[43,1],"tags":[1458,2704,5800,9643,192,2264,4634,8995,11493,9343,179,5424,1155,6808,12151,2703,8033,10943,3954,36,594],"class_list":["post-10628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news","category-news","tag-distribution","tag-dr-oteng-gyasi","tag-electricity","tag-fund","tag-ghana","tag-government","tag-government-of-ghana","tag-infrastructure","tag-interview","tag-investment","tag-pds","tag-politics","tag-power-distribution-services","tag-shares","tag-suspension","tag-tropical-cabel","tag-video","tag-watch","tag-will","tag-world","tag-who"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/10628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/comments?post=10628"}],"version-history":[{"count":0,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/10628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media\/10629"}],"wp:attachment":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media?parent=10628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/categories?post=10628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/tags?post=10628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}