Audio By Carbonatix
The Member of Parliament for Dormaa East, Paul Apraku Twum Barimah has called on government to prosecute persons who negotiated the Ghana Power Generation Company (GPGC) Power Purchasing Agreement on behalf of the government of Ghana for causing financial loss to the state.
He is unhappy that some officials of the erstwhile administration [John Mahama government] sign PPA for their selfish interest at a time the nation did not need them.
According to him, Ghana was forced to pay more than $500 million every year to pay for excess capacity from the Take or Pay Power Agreements. In effect, Independent Power Producers have received payments for excess capacity charge of $937 million between 2017 and 2020, a situation he described as worrying.
“40percent of the Take or Pay power purchase contracts were not used. Ghana now pays almost $500 million annually for excess capacity that it is not using which we have committed to.”
“If you look at the statistics further, you will realise that Ghana has an installed capacity of about 5,000 megawatts, dependable capacity of about 4,700MW. If you take the all-time high peak demand of 2,700MW then you are talking about 1,700MW excess capacity of power relative to dependable capacity. If you take available capacity of about 3,700MW then we are talking about excess capacity of 600MW that we don’t consume and yet we have to pay. It is significant,” he stated.
His comments come hours after the Attorney General, Godfred Yeboah Dame indicated his intention to lodge a formal complaint with the Criminal Investigations Department (CID) to investigate the PPA signed between the erstwhile John Mahama government and GPGC.
Mr. Twum Barimah blamed the situation on the “unsolicited power purchasing agreements” the erstwhile President Mahama administration signed with the IPPs.
The worrying aspect, the Dormaa East MP, said is the fact that less than 40% of the Take or Pay agreements is being used by the state today.
According to him, per the terms of the agreement, the country still pays for the remaining power it is not using or has not been utilised.
Latest Stories
-
First Atlantic Bank PLC marks major milestone with oversubscribed IPO and upcoming GSE listing
14 minutes -
Trade Minister meets tomato traders and transporters to resolve the sector’s challenges
23 minutes -
African Summit 2025 opens in Accra
31 minutes -
MultiChoice Ghana rewards DStv premium subscribers with UK Premier League experience
52 minutes -
Three GCTU scholars named among world’s top 2% scientists
54 minutes -
IMF Executive Board completes the fifth review under the extended Credit Facility arrangement with Ghana
58 minutes -
Dr. Zaato criticises government for sending engineers abroad while local projects stall
1 hour -
Today’s Front pages: Thursday, December 18, 2025
2 hours -
Let’s rally behind Bawumia to rebuild and reclaim power in 2028 – Opoku Prempeh to NPP faithful
2 hours -
UK and Ghana co-host African Development Fund 17 Pledging Conference in London
2 hours -
Work yourself out of a job: The fearless path to leadership legacy
2 hours -
Empower institutions, not politicians, to win the galamsey fight – Kokofu
2 hours -
Mankessim Omanhen declares lithium lands ‘Artificial Disaster Zones’
2 hours -
Funerals, family visits drive GH¢6.6bn in domestic tourism
3 hours -
Christmas fever in Mother Ghana
3 hours
