Fate of BXC workers in limbo as govt delays compensation

The fate of the management of BXC Ghana Limited and its more than 600 workers is unknown as government continues to delay their compensation for unfair disqualification following the Electricity Corporation of Ghana (ECG) takeover negotiations.

It will be recalled that the BXC Consortium sued the Millennium Development Authority (MiDA) for unfair disqualification, and pleaded with the court for a new process to begin.

However, the court ruled that the ECG PSP had timeline to be met, therefore, the BXC consortium should be compensated to make up for their loss.

The consortium has since been waiting for the compensations to defray the cost of participation in the PSP transaction process.

According to a source close to BXC Ghana, the Ghanaian partner of the consortium has since showing interest in the ECG takeover, suffered immense losses, including the sudden cancellation of its existing contract with the ECG among its other dealings with the energy sector.

 

The company, the source said was currently struggling to pay severance packages to workers as the company was cash trapped.

 

Another issue that has bedeviled the takeover has been whether government or the concessionaire should manage the Bulk Energy Purchase and Trade as well as Network Assets of ECG.

 

Transitioning of workers to the new company has also seen challenges as some workers have refused term of their transition, describing it as unsatisfactory.

 

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