GNPC-Genser energy deal must be reviewed to ensure equity

The Minority in Parliament has expressed worry over the recent GNPC-Genser energy deal. According to the group, the deal in its current form is fraught with some irregularities and is biased toward other industry players.

The Caucus through former deputy Energy Minister and Deputy Minority Leader, Emmanuel Armah-Kofi Buah called for a thorough review of the agreement.

In demanding for a thorough and transparent review exercise, the group indicated that “that the agreement combines the Gas Sales Agreement (GSA) and the Gas Transmission Agreement (GTA), which does not ensure transparency in the pricing of gas.”

“The shifting of the agreement from Ghana Gas company and the signing of the agreement by GNPC when Ghana Gas is supposed to be the gas transmission utility (NGTU). The discount given to GENSER by GNPC for the gas transmission agreement and GNPC’s inability to explain satisfactorily how this discount will be recovered,” the Minority said in a statement.

The Minority further pledged its commitment to unravelling all the flaws in the deal to get value for money.

“On behalf of the NDC minority colleagues on the joint committee of Finance and Mines and Energy, we pledge to unravel all the flaws in the agreement to guarantee value for money.

“We take this position with a firm conviction that the heart and soul of Ghana’s future lies in our energy security and all the critical issues related to it, including transparent gas pricing.”

The deal involves the provision of 50 million standard cubic feet of raw gas daily to Genser Energy.

Read below the full statement by the Minority: