Vision1 FM                       Light FM                         Light TV

John Boadu Confirms Decision To Rescind Ameri Deal ‘For Now’

The General Secretary of the ruling New Patriotic Party (NPP), John Boadu has confirmed that government has rescinded its decision to review the AMERI Power deal, which was sent to parliament last two weeks.



The government had sought Parliamentary approval to review the build, own, operate and transfer (BOOT) agreement it entered with the Africa and Middle East Resources Investment Group (AMERI Energy) on February 10, 2015.

A memorandum submitted to Parliament indicated that the new transaction had a waiver of $52.7 million due AMERI Energy that the government of Ghana would have had to pay.

Besides, the memo said, there would be a reduction in the standby letter of credit (SLC) from $51 million to $37.5 million and cost savings of $405.067 million over a period, while electricity tariffs on end users would be reduced.

It said President Nana Addo Dankwa Akufo-Addo had given Executive approval for the novation and amendment agreement due to the gains to be made in favour of the country.

Parliament, however, deferred their approval of the AMERI deal to its next meeting.

Last week, media reports suggested that President Akufo-Addo was misled to give an executive approval to the AMERI deal and has consequently asked that it should be withdrawn from parliament since it did not contain Attorney General and Minister of Finance’s advice.

Over the weekend, there were calls for the president to dismiss the Minister of Energy, Boakye Agyarko and all those involved who may have misled the presidency.

Letters said to have been written by AMERI, which were released on social media, said AMERI had no knowledge of the new agreement.

According to AMERI, it was not involved in any discussion with the Energy Ministry on renegotiating or amending the power deal signed with the John Mahama-led government in 2015.

However speaking at a thanksgiving service in Cape Coast to mark the 71st anniversary of the formation of the United Gold Coast Convention (UGCC), Mr Boadu encouraged the public not to be disturbed by the deal since government will surely review the deal.

"We must not be disturbed at all," he said, adding “we will rescind our decision for now and review that project to make sure that Ghanaian people get their monies worth and value for money in everything that we do.”
 
 
Source: Graphic.com

More Politics

ALOT HAS BEEN ACQUIRED IN JUST 20 MONTHS -Bawumia. ALOT HAS BEEN ACQUIRED IN JUST 20 MONTHS -Bawumia. 2018-10-17 - Vice president Dr Mahamudu Bawumia has restate the resolve of...
Rawlings can never be my Hero -Kennedy Agyapong. Rawlings can never be my Hero -Kennedy Agyapong. 2018-10-16 - Kennedy Ohene Agyapong of theNew Patriotic Party (NPP)  and...
Prudential Bank not Collaspsing Prudential Bank not Collaspsing 2018-10-10 - The management of Prudential Bank Limited has asked its customers...
Solve the Economic Hardship and forget the big names. Mahama to Akuffo Addo Solve the Economic Hardship and forget the big names. Mahama to Akuffo Addo 2018-10-09 - Former president John Mahama has said the mere presence of...
We are ready for your insults.Mahama to Bawumia We are ready for your insults.Mahama to Bawumia 2018-10-09 - The campaign team of former President John Dramani Mahama has...

 

More News..

No Lesbianism at OLA -Headmistress No Lesbianism at OLA -Headmistress 2018-10-20 - The Headmistress of Our Ladies of Apostles (OLA), Ho, Madam Regina...
7 year old girl found dead at Ashaiman. 7 year old girl found dead at Ashaiman. 2018-10-20 - Luwisa Saah a 7-year-old girl, has been found dead in an uncovered...
NADMO warns Consumers on expired Tilapia on the market NADMO warns Consumers on expired Tilapia on the market 2018-10-19 - The National Disaster Management Organization (NADMO) is warning...
SSNIT on registration and massive inspection. SSNIT on registration and massive inspection. 2018-10-19 - The Social Security and National Insurance Trust (SSNIT) has...
Call time charges to shot up November 1 . Call time charges to shot up November 1 . 2018-10-18 - Telecommunication organisations have announced their charges...