• About Us
  • Privacy Policy
  • Terms of Use
  • Breaking News
  • Explainers
  • Listen Live
Thursday, June 4, 2026
Citinewsroom - Comprehensive News in Ghana
Advertisement
  • Home
  • News
    • Regional News
      • Ahafo Region
      • Ashanti Region
      • Bono East Region
      • Bono Region
      • Central Region
      • Eastern Region
      • Greater Accra Region
      • Northern Region
      • North East Region
      • Oti Region
      • Savanna Region
      • Upper East Region
      • Upper West Region
      • Volta Region
      • Western Region
      • Western North Region
  • Sports
  • Politics
  • Business
  • Entertainment
  • Articles
  • Explainers
  • Editorials
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
    • Regional News
      • Ahafo Region
      • Ashanti Region
      • Bono East Region
      • Bono Region
      • Central Region
      • Eastern Region
      • Greater Accra Region
      • Northern Region
      • North East Region
      • Oti Region
      • Savanna Region
      • Upper East Region
      • Upper West Region
      • Volta Region
      • Western Region
      • Western North Region
  • Sports
  • Politics
  • Business
  • Entertainment
  • Articles
  • Explainers
  • Editorials
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

IMANI Africa justifies stance on Aker Energy oil discovery

Marian AnsahbyMarian Ansah
April 27, 2019
Reading Time: 2 mins read
ShareShareShareShare

Policy think tank, IMANI Africa says there is no need for it to apologise over its recent comments on the Aker Energy oil discovery in Ghana.

IMANI at a press briefing indicated that the country could lose 30 billion dollars due to the nature of the agreement covering the discovery and pointed to a potential conflict of interest involving GNPC Boss, Dr K.K Sarpong.

Government has denied the allegations and Dr K.K Sarpong and Fuel Trade have asked for an apology.

However speaking to Citi News, President of IMANI Africa, Franklin Cudjoe said they do not have to apologise for asking questions about the deal.

“What are we apologizing for? For asking a question? How do you apologize for asking a question from which someone has provided an answer? It is not a falsehood at all,” Mr. Cudjoe said.

In justifying the position of the policy think thank, Mr. Cudjoe said: “First of all, let us know that, the Petroleum Agreement expires in 2036 but the programme of development that Aker submitted is based on  an extension of the term of the current concession they had [from 2036 to 2049] and that is when Aker projects that they will cease production of the wells.”

Dr. KK Sarpong had early on asked IMANI Africa to apologise for peddling falsehood against him over Ghana’s agreement with Aker Energy.

IMANI had alleged that Dr. Sarpong had ties with Fuel Trade, a partner agency of Aker Energy citing a clear case of possible conflict of interest against him.

But in a statement, KK Sarpong insisted that the allegations levelled against him were untrue because the involvement of Fuel Trade in the Aker agreement was sealed even before he was appointed.

“I wish to state emphatically that neither I nor my family own Fuel Trade as claimed by IMANI Ghana. Consequently, I, Dr.KK Sarpong, Chief Executive of GNPC cannot be accused of conflict of interest in dealing with Aker Energy as stated by IMANI Ghana. Indeed, Fuel Trade’s 2% stake in the Deepwater Tano Cape Three Points Block was acquired in 2014 long before my appointment in 2017 as Chief Executive of GNPC.”

Describing the act as unacceptable, he further chided IMANI for not doing proper background checks before publicly accusing him.

Mr. Sarpong thus demanded a retraction and a subsequent apology from the policy think thank or it risks facing a possible legal action.

“It is surprising to me that IMANI Ghana, a think tank of its sort could not carry out due diligence on the ownership of Fuel Trade Limited before arriving at its erroneous conclusion, causing me serious embarrassment and jeopardizing my standing in the international business community. No doubt, I have incurred immense economic, political and social coast by IMANI Ghana’s unjustifiable claim. This, I find unacceptable and hereby demand a retraction of the said claim and an unreserved apology from IMANI Ghana and its Deputy Director, Mr. Kofi Bentil within two weeks. The retraction should be given as much prominence as the press conference. Meanwhile, I reserve my rights to seek legal redress.”

 

Tags: Aker EnergyGhana NewsIMANI Africa
ShareTweetSendSend
Previous Post

5 Ways to deal with jealousy so you can stop being insecure

Next Post

Inadequate logistics, staff hampering our work – EPA

Related Posts

Business

Fuel relief rollback, transport fares may test Ghana’s inflation gains in June

June 4, 2026
Business

Businesses demand cheaper credit after Reference Rate drops to 10.02%

June 4, 2026
Former New Patriotic Party Vice Presidential Candidate, Dr. Matthew Opoku Prempeh
Featured

Fulfil campaign promises or lose public trust – NAPO warns politicians

June 4, 2026
Broadcast Journalist, The Sun UK, Rahman Osman
Featured

Rahman Osman: Black Stars’ defensive display against Wales was below standard

June 4, 2026
Featured

Floodwaters recede in Tetegu as residents demand estuary dredging

June 4, 2026
Business

Mahama challenges global financial system, demands fairer debt reforms for Africa

June 4, 2026
Next Post

Inadequate logistics, staff hampering our work - EPA

ADVERTISEMENT
Citinewsroom - Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Privacy Policy
  • Terms of Use
  • Breaking News
  • Explainers
  • Listen Live

© 2024 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
    • Regional News
      • Ahafo Region
      • Ashanti Region
      • Bono East Region
      • Bono Region
      • Central Region
      • Eastern Region
      • Greater Accra Region
      • Northern Region
      • North East Region
      • Oti Region
      • Savanna Region
      • Upper East Region
      • Upper West Region
      • Volta Region
      • Western Region
      • Western North Region
  • Sports
  • Politics
  • Business
  • Entertainment
  • Articles
  • Explainers
  • Editorials

© 2024 All Rights Reserved Citi Newsroom.