The Attorney General and Minister for Justice, Godfred Yeaboah Dame says he will task the Criminals Investigations Department (CID) of the Ghana Police Service to investigate some officials of the erstwhile NDC administration because of their role in the $170m Ghana Power Generation Company Judgement Debt.
Checks by InsiderGH.com reveals that 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 to the International Court of Arbitration seeking damages for the cancellation, which has led the country into a $170m Judgement Debt.
According the Attorney General, a report by a committee constituted in September 2016 revealed that the agreement was not properly made resulting in excessive power supply.
Speaking on Top Story, Mr Godfred Yeaboah Dame blamed the signatories to the agreement for the $170 million judgement debt that the government of Ghana has been instructed to pay to GPGC, by a Commercial Court in London, for unlawful termination of contract.
According to the Attorney General, those officials involved in the signing of the deal must be investigated and punished accordingly.
He went further to state that government is still negotiating on the terms of the Judgement Debt.
About the Power Deal
By early 2015, Government of Ghana (GoG) was faced with an electricity supply crisis in that demand outstripped domestic supply.
In February 2015, GPGC and Government of Ghana entered into negotiations for the provision by GPGC of a fast-track power generation solution involving the relocation of two existing GE LM 6000 aeroderivative gas turbine combined-cycle power plants from Italy to Ghana, capable of providing GoG with an emergency power supply of up to 107 megawatts for a guaranteed term of four years.
In a related development, the NDC Minority in Parliament accuses the Akufo-Addo-led NPP administration for causing financial lost to the state as far as the $170m Ghana Power Generation Company Judgement Debt is concerned.