Mahama cautions the government not to sign a $800 million gas processing contract

Image: Citinewsroom

Mahama cautions the government not to sign a $800 million gas processing contract

by Ghana Insights
29 September 2024
2 min read

 

The National Democratic Congress (NDC) flagbearer, John Dramani Mahama, has advised President Akufo-Addo not to accept a $800 million gas processing deal because it would result in large financial losses for the state down the road. 

 

 

This warning comes in response to claims made by John Jinapor, the Minority Spokesperson on Energy, that the presidency is pressuring Ghana National Gas's CEO to approve the contract without doing the necessary legislative review. On Saturday, 28 September, Mahama emphasised the significance of bringing the contract before Parliament for ratification during a community engagement at Town Council Line.

 

 

As they get closer to the conclusion of their term in power, he claims that the government's haste to sign the agreement is motivated by self-interest. Mahama emphasised the contract's long-term consequences, which might bind the nation for years, and issued a warning that those in charge would face consequences if the state experienced financial losses. 

 

 

"The NPP administration is attempting to sign a contract and bind this nation to specific projects that they would like to benefit from, knowing full well that they are about to leave power. This government has not made investments to increase gas production for eight years.

 

"They are eager to commit to this country for a second gas stream before they leave office, despite the fact that there isn't enough gas in sight. And I'm warning them that this could result in judgement debts as well as financial loss for the state.

 

 

Therefore, they shouldn't sign it if they haven't already. The $800 million gas processing contract needs to be approved by Parliament. You cannot sign this deal while hiding from the Ghanaian people. If it leads to judgement debts, we will hold you accountable.

 

 

"You should not be signing contracts that will bind this country for many years at this late stage of your government." Allow me to caution everyone involved in this contract: should the state incur financial losses, they will all be held accountable. He promised to thwart any initiatives that don't advance Ghanaians' interests. He promised to thwart any initiatives that don't advance Ghanaians' interests.

 

"I have pledged to the Ghanaian people accountability in addition to jobs and prosperity. You may be confident that actions that do not serve the interests of this nation's good citizens will not be permitted to continue under the Mahama administration.