• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • ChannelOne TV
  • Infographics
Tuesday, July 15, 2025
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Opinion
  • Listen To CitiFM
  • Watch ChannelOneTV
  • Videos
  • Citi Verify
  • Elections
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Opinion
  • Listen To CitiFM
  • Watch ChannelOneTV
  • Videos
  • Citi Verify
  • Elections
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Report on alleged $1.5bn judgement debt against GNPC exaggerated – Government

Citi NewsroombyCiti Newsroom
September 27, 2022
Reading Time: 1 min read
Mohammed Amin Adam, Deputy Energy Minister

Mohammed Amin Adam, Deputy Energy Minister

ShareShareShareShare

The government has described as misleading reports that Ghana is likely to incur a $1.5 billion financial loss in an agreement between the GNPC and a US-based Ghanaian-owned energy company, Genser Energy Holdings.

“For now, it is a bit exaggerated,” a Deputy Minister of Mines and Energy, Mohammed Amin said to the press.

The Africa Centre for Energy Policy and IMANI Africa revealed in a report that 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.

But Mr. Amin said IMANI and ACEP should have been more measured while sharing their conclusions.

“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.”

Ghana Gas which used to be a subsidiary of the GNPC has been invited to meet the committee on Monday on the matter.

The Ranking Member on the Mines and Energy Committee of Parliament, John Jinapor, is, however, expecting further details on the agreement between the GNPC and Genser.

He is concerned with the financial analysis underpinning the agreement and the thinking that went into the investment decisions.

“The committee will interrogate this matter to its logical solution… our duty is to make sure the State is not short-changed,” he said.

Tags: GenserGhana GasGNPC
ShareTweetSendSend
Previous Post

Eddie Cudjoe writes: Optimizing electricity use for business profitability

Next Post

Man found dead in stream at Asokwa

Related Posts

Business

Govt inaugurates new GNPC Board to drive energy sector growth

July 1, 2025
Politics

Ghana Gas backs 24-Hour Economy with boost in industrial supply

June 30, 2025
Featured

Ghana Gas blames rising operational costs on overstaffing

June 22, 2025
Business

GNPC reaffirms strategic role in West Africa’s Energy future

June 20, 2025
Featured

Ghana gas gives TTU disabled students modern reading room

May 17, 2025
Featured

GNPC CEO unveils strategy to reverse Ghana’s Oil Production decline

May 16, 2025
Next Post

Man found dead in stream at Asokwa

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
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • ChannelOne TV
  • Infographics

© 2024 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Opinion
  • Listen To CitiFM
  • Watch ChannelOneTV
  • Videos
  • Citi Verify
  • Elections

© 2024 All Rights Reserved Citi Newsroom.