Social commentator, Sydney Casely Hayford has joined the growing number of groups and individuals who have criticized government over the re-negotiated AMERI deal.
Casely Hayford on Citi TV’s FM’s News Analysis Programme, The Big Issue said it makes no “financial sense” for government to sign the agreement, given that Ghana risks paying more when the deal is sealed.
“Why can’t parliament get private sector’s opinion? i have looked at the contract that was laid before parliament and i have looked at the new contract that has been laid before parliament and this seems to me an atrocious deal to sign onto. It does not make financial sense one tiny bit. “I have also sighted a report from vra on their analysis of the future development of power that is coming up so it does not make sense to go and trade what should be a $50 million dollar project for a 1.1 dollar billion commitment just because you say it is going to be renegotiated for 15 years.”
Under the new agreement, a new company, mytilineous international trading company, will take over the management of the ameri power plant for 15 years.the new company has offered to pay ameri an amount of $52,160,560, with the government paying the remaining $39 million to the dubai-based ameri energy to wash its hands off the deal entirely.
The agreement covering the new deal was laid before Parliament on Thursday for approval.
Casely Hayford said government needs to conduct checks on the new company taking over the management of the ameri power plant. “We need to look at this supposed new company because it appears this new company is just the old company remoulded into something else. Has parliament asked who is representing the new company in Ghana?”
Parliament has since deferred its consideration of the new deal.