<\/p>\n
The government has described as misleading reports that Ghana is likely to incur a $1.5 billion financial loss in an agreement between the GNPC and a US-based Ghanaian-owned energy company, Genser Energy Holdings.<\/p>\n
\u201cFor now, it is a bit exaggerated,\u201d a Deputy Minister of Mines and Energy, Mohammed Amin said to the press.<\/p>\n
The Africa Centre for Energy Policy and IMANI Africa revealed in a report that the deal in which Genser committed to pay a reasonable price for gas to power embedded or off-grid power plants it leases to various large mines and consumers in the cement and ceramics industries triggers possible financial recklessness on the part of GNPC.<\/p>\n
But Mr. Amin said IMANI and ACEP should have been more measured while sharing their conclusions.<\/p>\n
\u201cI was thinking that before IMANI and ACEP would put out into the public domain matters of this consequence, they should have made these matters referable to GNPC.\u201d<\/p>\n
Ghana Gas which used to be a subsidiary of the GNPC has been invited to meet the committee on Monday on the matter.<\/p>\n
The Ranking Member on the Mines and Energy Committee of Parliament, John Jinapor, is, however, expecting further details on the agreement between the GNPC and Genser.<\/p>\n
He is concerned with the financial analysis underpinning the agreement and the thinking that went into the investment decisions.<\/p>\n
\u201cThe committee will interrogate this matter to its logical solution\u2026 our duty is to make sure the State is not shortchanged,\u201d he said.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The government has described as misleading reports that Ghana is likely to incur a $1.5 billion financial loss in an agreement between the GNPC and a US-based Ghanaian-owned energy company, Genser Energy Holdings. \u201cFor now, it is a bit exaggerated,\u201d a Deputy Minister of Mines and Energy, Mohammed Amin said to the press. The Africa […]<\/p>\n","protected":false},"author":1,"featured_media":1212103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[],"class_list":["post-1212102","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1212102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1212102"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1212102\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1212102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1212102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1212102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}