Paul Twum Barimah, a member of Parliament’s Mines and Energy Committee, has stated that several Power Purchase Agreements (PPAs) signed by the Mahama-led administration have significantly contributed to the country’s present economic predicament.
In an interview last week, World Bank Country Director to Ghana, Pierre Frank Laporte, stated that the shortcomings in the energy sector typified by the power purchase agreements inked under the Mahama government were the key concerns driving Ghana’s debts up.
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Addressing the media in Parliament, the Dormaa East legislator stated that the World Bank Country Director’s report was true.
“What the World Bank country director mentioned is true. It is clear that the PPAs we signed are contributing to our problems. We have paid over GH12 billion between 2017 and 2020, and do you know what that sum might have done for us?”
“I believe we should applaud the World Bank chief for stating what he said,” the member said.
