Audio By Carbonatix
The Minister of Justice and Attorney General, Godfred Dame, has explained why his outfit, under the leadership of Gloria Akuffo, advised then Minister of Energy to terminate the Power Purchasing Agreement signed between the erstwhile NDC government and Ghana Power Generation Company (GPGC).
Godfred Dame was contributing to discussions on Joy FM’s Super Morning Show Wednesday, regarding the judgement debt resulting from the termination of the aforementioned contract.
He revealed that “indeed, the cost was very, very monumental. As per the report of the PPA Committee, if all the agreements signed by John Jinapor and his former boss had been allowed to run, each year, the nation was going to be exposed to payment to the sum of $586 million. Cumulatively, between 2018 and 2030 the nation was going to pay as much as $1.76 billion.”
He emphasised that the decision by the signatories to sign such an agreement was ill-informed.
“The fundamental question that we asked is why the agreement was entered into in the first place? Why did John Jinapor and his former boss execute the signatory of this agreement and afterwards set up a committee to review those agreements? It is because you yourself had realised that this was going to result in excess capacity.
His comment comes after a London-based United Nations Commission on International Trade Law tribunal issued its final award, ordering the government of Ghana to pay the whopping $170 million in damages to GPGC for failing to meet set deadlines in contesting alleged unlawful termination of contract between the two parties.
Ranking Member on Parliament’s Energy Committee, John Jinapor blamed former Minister of Energy, under President Akufo-Addo’s first term, for causing the loss of $170million to the state.
Mr Jinapor in an interview with Joy FM's Joseph Opoku Gakpo said government did not plan effectively to defend its decision to terminate the contract.
“The government didn’t take the matter seriously. First of all, I hold the view that it was wrong to have terminated the agreement the way and manner in which this government went about it," he explained.
Meanwhile, Mr Dame has disclosed his intention to lodge a formal complaint with the Criminal Investigations Department (CID) to investigate circumstances leading to the signing of the PPA between the erstwhile NDC government and GPGC.
According to him, a report by a committee constituted in September 2016 revealed that the agreement was not properly made resulting in excessive power supply.
Latest Stories
-
Creative Canvas 2025: Documenting Ghana’s creative year beyond the noise
4 hours -
Alhassan Suhuyini makes Christmas donations to churches within Tamale North Constituency
7 hours -
Meet 81-year-old father of UCC Acting Vice-Chancellor, who recently graduated with an MBA
8 hours -
Did you know that Ken Ofori-Atta’s lawyer, Enayat Qasimi, is the ‘Ken Ofori-Atta of Afghanistan? – Kay Codjoe writes
8 hours -
Kidnap suspect arrested in Tamale as Police rescue victim after four days
8 hours -
Tema Oil Refinery resumes crude refining after years of shutdown
8 hours -
Kojo Antwi thrills fans with regal entry, marathon performance at ‘Antwified’ concert
9 hours -
Ofori Amponsah surprises KiDi at ‘Likor On The Beach’ 2025
9 hours -
Joy FM thanks sponsors, partners and patrons after spectacular 2025 Family Party-in-the-Park
9 hours -
‘Christmas babies’ and their mothers in Volta and Oti regions receive MTN hampers
9 hours -
One dead, another injured after accident at Atwedie
10 hours -
Maggi Waakye Summit draws thousands as Ghana’s biggest waakye festival returns
11 hours -
Western Regional Minister urges Ghanaians to use Christmas to deepen national cohesion
11 hours -
Thousands turn Aburi Gardens into a festive paradise at Joy FM’s Party in the Park
11 hours -
Source of GOLDBOD’s trading funds questioned amid reported $214m loss
12 hours
