The government has stated that claims that Ghana is likely to incur a $1.5 billion financial loss as a result of an agreement between the GNPC and a Ghanaian-owned energy company based in the United States, Genser Energy Holdings, are false.
Addressing a press conference on.yhe matter, Deputy Minister of Mines and Energy, Mohammed Amin stated that “For now, it is a bit exaggerated”.
Two CSOs the Africa Centre for Energy Policy and IMANI Africa in a report had revealed 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.
However, the Minister has described it as misleading.
“I 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.”
By: Rainbowradioonline.com/Ghana
