Ameri says they are happy with Ghana’s ‘enhanced’ agreement

In a statement issued by the Chief Executive Officer (CEO) of Ameri Energy, Mustafa Ahmed said they have engaged the government and other stakeholders in this reviewed agreement.


Ameri Energy has said that it will work with the government of Ghana on the new agreement it has developed.

“We are always happy to address any misconceptions about our work and we’ve engaged in a constructive dialogue with the government and all stakeholders.”

“Now, having found a solution, we’re grateful not only for the government’s directness but for their renewed faith in us as a company to bring reliable and affordable power to Ghanaians.”

Earlier on the former Energy Minister, Boakye Agyarko, laid a revised AMERI agreement before Parliament for approval after an executive order. The Minority in Parliament kicked against the new deal which they argued was going to get Ghana to pay more than it initially agreed on under the erstwhile Mahama administration.


Some analysts said that the then reviewed deal which was going to see the ownership of the power plant ceded to a new company, Mytilineous, will cost the country in excess of $1 billion if it comes into force.

The original contract during the Mahama administration was expected to end in about 36 months after which Ghana will own the power barges. However, the new deal pushed the ownership period to 15 years, with the yearly payments at a cost marginally lower than the original deal.

But AMERI in a letter denied being engaged by the government to cede management of the plant to a new company, a claim the government discredited.

This led to the dismissal of the then Energy Minister Boakye Agyarko, by the President Nana Akufo-Addo who approved the reviewed deal which turned out to be unsatisfactory.

Meanwhile, Ameri says it has now trained more than 80 per cent of local staff in the maintenance and operation of the plant.


The calls for renegotiation

In 2015, the John Mahama administration signed a contract with Africa and Middle East Resources Investment Group’s (AMERI Energy) to rent the 300MW of emergency power generator from AMERI during the country’s power crisis popularly referred to as dumsor.

The power agreement with the UAE-based AMERI Energy cost 510m.

But when the Akufo-Addo government took power, they said they found out that the country had been shortchanged by AMERI. They said that AMERI presented an overpriced budget, and were overpaid by $150 million.

The government, therefore, started a renegotiation process to ensure value for money, but the Minority in Parliament kicked against it.


This has led to the replacement of the agreement with a new one laid before the House by the new Energy Minister, John Peter Amewu.


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