Ranking Member on Parliament’s Energy Committee, John Abdulai Jinapor is alleging that President Akufo-Addo terminated the power purchase agreement between Trafigura’s Ghana Power Generation Company (GPGC) and the government to teach someone a lesson.
According to him, someone had stepped on the President’s toe, and as such the contract was terminated to prove a point, only for the NPP administration to turn around and sign a similar agreement with another company.
Speaking on Top Story on Thursday, August 22, he said “I am telling you that this termination was because of a family feud between some family members of the president on one hand and the other.
“When we assume office, you will get to know the real truth and the rationale behind the termination. They did not terminate the contract because they had Ghana’s interest at heart. It is because they wanted to teach somebody a lesson. They extended their own family problem into governance and terminated this contract and today you and I [are paying for it],” he said.
However, Mr Jinapor said he was saddened because the next administration of the National Democratic Congress (NDC) would have a lot of things to correct.
His comments come after the oil conglomerate Trafigura, took over one of the country’s most important commercial properties, the Regina House in London, following the failure of the government to pay up a $134 million judgment debt.
For four years Trafiguara has been unsuccessful in getting the government of Ghana to pay up the judgement debt awarded to the energy firm after the abrupt termination of a power purchase agreement.
This situation forced Trafigura to secure another Judgement in the United States courts which awarded a mandatory interest on the default of 111.4 million dollars which remains the arrears to be paid by the Republic of Ghana.
