The Center for Ethical Governance and Administration (CEGA) says President Akufo-Addo must boldly come out and explain to Ghanaians why the country has to pay the needless judgment debt of $170m to a power generating company, Ghana Power Generating Company (GPGC).
In 2018, the Government of Ghana terminated the contract agreement with an emergency power firm, Ghana Power Generation Company (GPGC) Limited under the former Energy Minister, Boakye Kyeremanteng Agyarko’s tenure in office.
Following the cancellation, the company filed a suit against Ghana at the International Court of Arbitration seeking damages for the cancellation, which has led the country into a $170m Judgement Debt.
In a press release copied to InsiderGH.com, CEGA demands that the President, among other things, must explain to Ghanaians why his administration opted for a premature termination of contract which would trigger a law suit and a possible judgment debt against Ghana instead of re-negotiating it as he did with other contractual agreements.
The statement further questions why Government of Ghana will ask the court for an extension of time and fail to make better use of it after it had been granted.
Below is their full statement;