Inflation Atuabo Gas project overpriced by $40m - Dr. Manteaw reveals

Dr. Steve Manteaw, who contends that SINOPEC, the Chinese company which executed the project, deliberately engaged in fraudulent activities

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The Co-chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), Dr. Steve Manteaw has alleged that the Atuabo Gas plant in the Western Region was overpriced by $40 million.

Dr. Steve Manteaw, who contends that SINOPEC, the Chinese company which executed the project, deliberately engaged in fraudulent activities.

READ MORE: Production on jubilee fields to shut down

Dr. Manteaw is reported to have disclosed that about $15 million out of the alleged $40 million has been recouped from the company.

All you need to know about Atuabo Gas Project

The Atuabo Gas Project was completed in 2014 and commissioned in 2015 under the erstwhile President John Mahama-led National Democratic Congress (NDC) administration.


The $1-billion government of Ghana project was started in July 2011, together with a natural gas export station to be constructed at Domuli in the Jomoro District in the Western Region, collectively referred to as the Western Corridor Gas Infrastructure Development Project.

READ ALSO: Stop fuel smuggling in 2 days – OMCs tell government

The scope of work included the design and construction of a 45-kilometre shallow water extension of a pipeline from the production platform, the FPSO Kwame Nkrumah, to the onshore processing plant at Atuabo.

It also included the construction of 111-kilometre transmission pipelines from Atuabo to the Aboadze Power Enclave in the Shama District, as well as the construction of a metering station at Esiama and another line to the northern part of the region.

play Dr. Steve Manteaw

However, Dr Manteaw speaking to the media said "What for me is so most worrying is the fact that through my investigations I discovered that a particular plant that was imported by SINOPEC for the project was overpriced by as much as $40 million and this did not catch the attention of our public authorities. And even though I raised the concern as far back as 2013, nobody took serious notice of it."

READ MORE: Ghana Gas helicopters not missing – Jinapor

"Again what I find to be so disturbing about this whole development is that Ghana Gas granted some tax concessions to SINOPEC which is not within its mandate. Because such mandates lies with Parliament which is not unusual but when this happens you need to go through the sector minister to come to Parliament for ratification. We did not seek Parliamentary ratification until 2016.

"The project was actually completed in 2014 so how do you come to Parliament in 2016 seeking ratification for tax exemptions for a project that is long been completed. That reduces the role of Parliament to rubber stamping."

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email:

Recommended Articles

Recommended Videos

Top Articles

1 Stanbic Bank Staff jailed 10 years for stealing GH¢297,000bullet
2 AsaaseGPS Ghana has introduced a digital addressing system-Here is how...bullet
3 Bank of Ghana Here are the banks with the best deposit rates in Ghanabullet
4 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
5 Digital Address System Take advantage of Digital Address –...bullet
6 Banking In Ghana BoG warns against doing business with...bullet
7 Superhero Deals Campaign Jumia Ghana celebrates customer...bullet
8 World Food Day Ghanaians waste $6 billion worth of food a...bullet
9 Interest Rate Here are the banks offering the cheapest...bullet
10 Menzgold Ghana Investment company closes down its Gold...bullet

Top Videos

1 Entrepreneurship How to be resourceful as an entrepreneurbullet
2 Entrepreneurship Creating Success Systems | StartUpSchoolbullet
3 Entrepreneurship Failure- How To Deal With It | StartUpSchoolbullet
4 Entrepreneurship How To Get Ready To Get Started | StartUpSchoolbullet