Public Forum On Ghana’s Oil Reserves Tomorrow

A Public forum on government’s alleged dissipation of Ghana’s energy resources is scheduled to take place tomorrow amidst calls by the Minority for the immediate withdrawal of AKR Energy Deal.

The event which shall focus on the $30bn state capture in Ghana’s oil industry shall be addressed by Mr Alex Mould,a  former Chief Executive of the Ghana National Petroleum Commission, GNPC as main speaker, Franklyn Cudjoe of IMANI Africa, who was first to blow the lid on the fictitious AKER Energy-GNPC deal,  Executive Secretary of IES, Paa Kwesi Anamuah Sekyi and John Jinapor former deputy Energy Minister.

Last Friday, the Minority Leader raised a similar concern before the House.

Minority Leader, Haruna Iddrisu had told the media that the deal will cost Ghana about $10 billion, and having had an initial assessment of the contract, it is not in the interest of the state, hence it should be withdrawn.

According to Minority MPs, the stake of the country in the original agreement which was brokered by the previous government headed by Mr. John Dramani Mahama, has been slashed down by 25% in favour of Aker Energy, the new owner of the oil block.

Addressing a press conference in Parliament, Friday, May 3, 2019, the Minority Leader, Haruna Iddrisu, disclosed that 5% of the new agreement covering South Deepwater Tano contract area has been given to an unknown local company, Quad Petroleum, which interestingly, was registered on April 10, 2019.

According to the Minority. “This renegotiated agreement is a complete rip-off and a betrayal of the people’s trust bestowed on this NPP Government”.

They do not see why the Government is bent on ratifying the renegotiated agreement when a request from AGM Energy Group for same was turned down by the former Minister for Energy, Hon. Boakye Agyarko.

Minority Leader, Haruna Idrissu who earlier expressed the minority’s concerns in chamber during consideration of the agreement did not mince words.

Though the Majority in Parliament bulldozed their way with numbers, to pass the deal last Friday Parliament directed Energy Minister John Peter Amewu to re-negotiate government’s amended deal with AGM Petroleum for the oil exploration in the Deep South West Tano oil block.

Mr Amewu has six months to return to the house to update the lawmakers on steps taken to re-negotiate the amended agreement.



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