Akufo-Addo terminated Trafigura deal because of family feud - John Jinapor

Ranking Member of Parliament's Energy Committee, John Abdulai Jinapor, has claimed that President Akufo-Addo canceled the power purchase agreement between Trafigura's Ghana Power Generation Company (GPGC) and the government to teach someone a lesson.

According to him, someone had stepped on the President's toes, thus the contract was terminated to make a point, only for the NPP administration to sign a similar agreement with another company.

On Thursday, August 22, he stated on Joy FM's Top Story, "“I am telling you that this termination was because of a family feud between some family members of the president on one hand and the other."

“When we assume office, you will get to know the real truth and the rationale behind the termination. They did not terminate the contract because they had Ghana’s interest at heart. It is because they wanted to teach somebody a lesson. They extended their own family problem into governance and terminated this contract and today you and I [are paying for it],” he said.

His comments come after the oil firm Trafigura took seized one of the country's most prominent commercial assets, London's Regina House, after the government failed to pay a $134 million judgment debt.

Source: Lead News Online