Bring $800m gas processing contract to Parliament – Minority to Ghana Gas

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The Minority in Parliament is calling on the Ghana Gas Company to bring an $800 million gas processing contract before Parliament for scrutiny.

Minority Spokesperson on Energy, John Jinapor, revealed that there is pressure on the Chief Executive of Ghana Gas to sign this high-value contract, which he claims has bypassed proper legislative review.

According to him, “The Minority once again has become aware of attempts by the Flagstaff House to compel the Chief Executive of Ghana Gas Company Limited to sign a contract for gas processing at a whopping cost of more than $800 million.”

“The initial tender has to do with a company called Phoenix. Surprisingly and strangely, that company has metamorphosed into an SPV ostensibly to avoid parliamentary scrutiny,” Mr Jinapor claimed.

The Yapei-Kusawgu MP expressed concerns over the potential risks of this contract, referencing past instances of judgment debt like the Trafigura case.

He added that the government and Ghana Gas have not secured firm commitments on raw gas supplies for the contract, raising concerns about the long-term viability and implications for the state.

He warned that if the contract is not presented to Parliament, a future National Democratic Congress (NDC) government would hold those responsible for signing it accountable for causing financial loss to the state.

“We, therefore, call on Ghana Gas to make all the documents available to Parliament. Failure to do so, we will initiate processes to call for a full-scale parliamentary inquiry,” Mr Jinapor cautioned.

He advised the Ghana Gas CEO to resist political pressure, warning against being used for personal or political gains.

Additionally, the Minority is seeking clarification on a $24 million contract between Ghana Gas and a private company for a bottling plant, which they believe may have been inflated.

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