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The Ministry of Energy refutes assertions made by a minority of lawmakers that the “GNPC-LITASCO” re-financing agreement is being carried out secretly and without legislative permission.
The minority claims that the government is trying to hire GNPC to build the plant without getting the required approvals in a statement signed by Hon. John Jinapor, the ranking member of the parliament’s mines and energy committee and a member of parliament representing Yapei Kusawgu.
The Ministry of Energy, in a fast reaction, stated that the minority’s action was just a planned attempt to damage the reputation of the administration, including His Excellency the President and other government officials, for political objectives on Friday, September 22, 2023.
This, according to the Ministry, is due to the fact that the aforementioned agreement has already undergone a number of procedures and has not yet been delivered to parliament when it reconvenes in the middle of October.
“It is important to state that, this particular facility the minority mischievously makes allusion to is being re-financed for the sixth time.
“Now, GNPC settled on the terms and conditions of this facility with LITASCO just last week, Thursday, September 14, 2023, duly obtaining its Board’s approval. This was done in accordance with the terms and conditions of the GNPC’s 2023 Work Programme, which made clear the corporation’s intentions to raise $620 million from the LITASCO facility to finance their work programme.
The documentation will demonstrate that the document was forwarded to the Ministry of Energy for a “no objection” on the same day.
In accordance with the requirements of the Public Financial Management Act (PFMA), the Ministry of Energy transmitted the document to the Ministry of Finance after receiving a “no objection” from the Ministry of Energy. The MOF gave its approval on Friday, September 15, 2023.
The Ministry claimed that it is difficult to understand why the minority group and the ranking Member would accuse government actors of wrongdoing and even impugn the integrity of His Excellency the President when what is being done is in accordance with the law, propriety, and in fact the principles of good governance given their expected knowledge of these procedural requirements.
Given the close closeness to election season, “the only possible reason one can clutch onto for the minority’s action is to cause disaffection for government for possible electoral gains,” it stated. The Ministry advised the general population to disregard and despise the minority’s allegations, calling them false.
Read the full statement below:
Source: Ghanatodayonline.com
