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Lawyer and member of the National Democratic Congress, Inusah Fuseini said former Energy Minister Boakye Kyeremanteng Agyarko was aware of the consequences of terminating the electricity contract with GCGP Limited.
His statement follows claims by Mr Agyarko that he was not responsible for the termination after $ 134 million in judicial debt was imposed on Ghana.
According to Fuseini, Boakye Agyarko championed the termination in parliament by arguing that if the government executed the contract, the country would pay for the energy it did not need.
“There is no doubt that Boakye Agyarko did not know that this would have a negative financial effect on the country. They had. He knew it would have a financial impact. We knew. Boakye Agyarko knew this. There is no doubt about it, ”said Inusah Fuseini.
However, the former Minister of Energy, in his defense, explained that when the agreement was canceled, he was no longer in the post of Minister of Energy.
“I just realized that they had filed for arbitration on August 11, 2018. It was after I left the ministry. I never knew they went to arbitration. I am told that the government has gone to arbitration.
“How would anyone accuse me of canceling the contract?” I did not cancel any contract; I have neither the power nor the need or the desire to cancel it. I am for what will help Ghana, ”he said.
Ghana’s power deal with GCGP Limited was originally signed under the administration of former John Mahama with the intention of offsetting the power outages plaguing the country at the time.
The contract was canceled under the former energy minister, however, as part of several other energy contracts canceled by the nuclear power plant on the grounds that the country did not need these electricity deals.
The deal was reportedly terminated by Mr. Agyarko during Akufo-Addo’s first term in office, on the grounds that the nation suffered losses as a result of the deal.
Following the cancellation of the agreement, the company brought a lawsuit against Ghana in the International Court of Arbitration for damages for the cancellation.
The decision of the International Court of Arbitration ordered the Government of Ghana to pay “GPGC the full value of the early termination payment, as well as mobilization, demobilization and conservation and maintenance costs in the amount of US $ 134,348,661, as well as interest thereon. from November 12, 2018 to the date of payment, accrued daily and compounded monthly, at the rate of LIBOR for six-month deposits in US dollars plus six percent (6%). “
The Government of Ghana was also to pay GPGC an amount of “US $ 309,877.74 for the costs of the arbitration, as well as US $ 3,000,000 for the legal representation of GPGC and the fees and expenses of its witness. expert, as well as interest on the total amount of US $ 3,309,877.74 at the LIBOR rate for three-month deposits in US dollars, compounded quarterly. “
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