John Abdulai Jinapor is a Ghanaian politician and a former Minister of State of Ghana. He is a member of the National Democratic Congress of Ghana and a Member of Parliament representing the Yapei-Kusawgu constituency. He's the incumbent Member of Parliament for the area.
In a press release by the Honorable Member of Parliament, he addressed an issue relating to a report on GENSER/GNPC GAS SALES AGREEMENT which is dated 17th August, 2023.
My attention has been drawn to a report on some social media platforms allegedly signed by the chairman of the committee on Mines and Energy, Hon. Samuel Atta-Akyea on the Gas Sales Agreement (GSA) between Genser Energy and GNPC.
For the avoidance of doubt, I wish to categorically disassociate myself from the content and intents of the said report as it does not accurately reflect my position and that of the minority in its entirety.
Firstly, it is true that I have consistently maintained that the GSA is not fairly priced and will result in significant losses to the state. It cannot therefore be the case that I disagreed with the position of ACEP/Imani that the GSA in its current form will result in huge losses to the state.
More importantly, it is inaccurate to report that the entire membership of the committee disagreed with my position.
More importantly, the said report contains factual inaccuracies and assumptions that do not address the key issues of value for money.
From the evidence, the current Genser/GNPC gas price of US$2.790/mmBTU is far lower than the actual commodity price of US$4.879/mmBTU as approved by the PURC. The critical question the report fails to address is which entity will eventually pay for the price differential of about US$2mmBTU, which runs into billions of cedis over the contract tenure?
It is my hope that the referral by the speaker to the joint committees of the Finance/Mines and Energy will provide the opportunity to address the critical issues as noted.
blogpay
Total Comments: 0