The Minority has expressed reservations about the GNPC-Genser energy arrangement in its current shape, which it claims is prejudiced against other industry participants, and is thus advocating for greater transparency in the country’s petrol prices.
The Caucus, chaired by former Deputy Energy Minister and Deputy Minority Leader Emmanuel Armah-Kofi Buah, demanded that the deal be thoroughly reviewed.
Its requests for a review were based on issues such as “that the deal mixes the Gas Sales Agreement (GSA) and the Gas Transmission Agreement (GTA), which does not assure transparency in gas pricing.”
“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.
