The Alliance for Social Equity and Public Accountability (ASEPA) has petitioned the Criminal Investigation Department (CID) to investigate the Attorney General, Godfred Yeboah Dame, and two others for the roles they played leading to the US$170 million GPGC judgement debt.
The two others are a former Energy Minister, Boakye Agyarko and a former Attorney General, Gloria Akufo.
“ASEPA suspects that these three officials conspired to deliberately cancel an important Power Purchase Agreement when they were fully aware that the company has invested heavily into the project; then failed to settle the company even though their contract was illegally terminated …”
ASEPA is therefore demanding that the CID “officially opens a formal investigation into the conspiracy to defraud the state to the tune of US$170 million and criminal negligence leading to the financial loss to the state to the tune of US$170million and charge these officials accordingly.”
ASEPA says it is ready to assist the police and make available any document that may be required for an effective investigation.
Read the petition below:
Background
In January 2021, the International Court of Arbitration awarded costs of US$134 million and interest of US$30 million against the Government of Ghana over its cancellation of an emergency power agreement with the Ghana Power Generation Company (GPGC).
The contract was cancelled during the tenure of the former energy minister Boakye Agyarko, one of several arrangements scrapped by the NPP on the basis that Ghana did not need the power agreements.
The ruling by the International Court of Arbitration ordered the Government to Ghana to pay to “GPGC the full value of the early termination payment, together with mobilisation, demobilisation and preservation and maintenance costs in the amount of US$134,348,661, together also with interest thereon from 12 November 2018 until the date of payment, accruing daily and compounded monthly, at the rate of LIBOR for six-month US dollar deposits plus 6%”.
The Government of Ghana was also to pay GPGC an amount of “US$ 309,877.74 in respect of the costs of the arbitration, together with US$3,000,000 in respect of GPGC’s legal representation and the fees and expenses of its expert witness, together with interest on the aggregate amount of US$3,309,877.74 at the rate of LIBOR for three-month US dollar deposits, compounded quarterly.”
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