Pulse.com.gh logo
Go


Plant AMERI deal cannot be abrogated– ACEP

The government of Ghana could end up paying huge judgement debts if it goes ahead to abrogate the AMERI power deal, the African Centre for Energy Policy (ACEP) has warned.

  • Published:
play Deputy Executive Director at ACEP, Benjamin Boakye

The African Centre for Energy Policy (ACEP) has cautioned against the repeal of the AMERI power deal as government might have to pay to huge sums of money if it happens. 

The 17-member committee that reviewed the report recommended that the deal be canceled after concerns were raised regarding a $150million commission paid to AMERI Energy.

The committee uncovered some lapses in the in the power contract between AMERI and government.

READ ALSO: Here is the full report on the $510m fraudulent AMERI deal

According to the committee, a bill of $510m was paid for a $360m plant in the B.O.O.T agreement. This led to the committee recommending that Ameri be invited to give reasons for the $150 commission.

Deputy Executive Director at ACEP, Benjamin Boakye however says AMERI is not at fault and government would have a lot to lose if it should pursue renegotiation.

He says, AMERI cannot be held responsible for any wrongdoing for just conducting a business transaction. He added we cannot compel AMERI as they used our own security to go get the money to address our challenge. If they should be any reconsideration, AMERI would have to agree first.

READ ALSO:Ameri Power Plant has no operating license

The Director says any appeal for renegotiation would only be justified in light new evidence that to prove any fraudulent act on the part of AMERI.

The previous National Democratic Congress (NDC) administration has however debunked the any speculations of overpricing the deal. Dr. Edward Omane Boamah who is the immediate past Communication Minister contends that the deal couldn’t have been overpriced as plants are no more sold at ex-factory prices.

According to Dr Omane Boamah, per the agreement with AMERI, the Government of Ghana through the Volta River Authority (VRA) will only make payments to AMERI for power produced and supplied to the VRA just like any other Independent Power Producer (IPP).

READ ALSO: Power Plant NPP Committee report on AMERI power deal political - John Jinapor

He also challenged the authenticity the committee’s report as no member of the of the previous NDC administration was contacted before the report was published.

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: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Nana Appiah Mensah Social media ‘exposes’ NAM1 for fake Menzgold UK launchbullet
2 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
3 Ponzi schemes in Ghana These investments are Ponzi schemes in Ghana,...bullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Accra Shops GAME store finally arrives at West Hills Mallbullet
6 Banking In Ghana Ghanaian bank staff want to quit over...bullet
7 Nana Appiah Mensah Menzgold to open a new branch in Spainbullet
8 How to create a verified PayPal account Learn how to...bullet
9 StarTimes Deal Gov't must listen to Ghanaians - Omane Boamahbullet
10 How to create an NGO in Ghana How to register and...bullet

Top Videos

1 Plane Crash Starbow suspends operations following plane crashbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Selorm Adadevoh MTN CEO dances Agbadzabullet
4 Former Capital Bank staff grills pork for survivalbullet
5 Support Finance minister buys Kantanka carbullet
6 New Discovery Ghana discovers new mineral, lithium in...bullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 Dr Joseph Siaw Agyepong Nobody can collapse my company –...bullet
9 Money Alert Meet Africa's richest womanbullet
10 Tech 6 reasons you should buy an iPhone SE instead of...bullet

Business

X
Advertisement