Communication Team Member of the National Democratic Congress (NDC), Nana Owusu Banahene, has charged that all the persons involved in activities that led to the 170 million judgement debt must be dealt with according to the law.
Banahene expressed his disappointment in the Attorney General, Godfred Dame, for shifting blame when he should take responsibility.
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Speaking in a panel discussion on the ‘Epa Hoa Daben’ show with Don Prah, he stated: “Some people must face the law with this judgement debt issue because Godfred Dame is shifting blames and he is only owning up for the arbitration. Now the question is who ordered the termination of the contract? In fact, the person at the Energy Commission who is said to have recommended the termination says he does not remember recommending terminating the contract. Godfred Dame is behaving like Pontius Pilate”.
The communicator further charged the Criminal Investigations Department(CID) to thoroughly investigate the matter for some people to face the law.
The International Court of Arbitration in January 2021 awarded a cost of $134 million and an interest of $30 million against the Government of Ghana over the cancellation of an Emergency Power Agreement with GCGP limited.
The Contract was cancelled under the former Energy Minister Boakye Agyarko as part of several other energy contracts cancelled by the NPP on the basis that the country did not need those power agreements.
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The ruling by the International Court of Arbitration ordered the government to Ghana to pay to “GPGC the full value of the Early Termination Payment, together with Mobilization, Demobilization and preservation and maintenance costs in the amount of US$ 134,348,661, together also with interest thereon from 12 November 2018 until the date of payment, accruing daily and compounded monthly, at the rate of LIBOR for six-month US dollar deposits plus six percent (6%).”
The Government of Ghana was also to pay GPGC an amount of “US$ 309,877.74 in respect of the Costs of the Arbitration, together with US$ 3,000,000 in respect of GPGC’s legal representation and the fees and expenses of its expert witness, together with interest on the aggregate amount of US$ 3,309,877.74 at the rate of LIBOR for three-month US dollar deposits, compounded quarterly”.
