Source: newsthemegh.com
The Minority in Parliament says it has uncovered a clandestine and surreptitious attempt by the Ghana National Petroleum Corporation (GNPC) and its board chairman to sell the seven per cent shares acquired by the Republic of Ghana from Anadarko West Cape Three Points Company (Anadarko) to Petroleum Oil and Gas Corporation of South Africa (Petro SA).
Ranking Member, Mines and Energy Committee, John Abdulai Jinapor, in a statement on behalf of the Minority said they have sighted correspondences between the GNPC and Petro SA, revealing a covert attempt by the GNPC to off-load the said shares, “which we consider as illegal and unconscionable.”
The statement added that the Minority has also taken note of the Minister of Finance’s repeated, desperate attempts to bind Ghana once more by borrowing a sizable sum of money from Litasco, a business supported by JOHL, and by forward-selling the Republic of Ghana’s crude oil anticipated from JOHL.
The least this administration can do, it continued, “for a government that has over-borrowed its way into a state of bankruptcy, will be to refrain from such reckless borrowing, especially against future oil receipts,”
The statement calls this behavior “highly reprehensible” and calls for immediate action to stop the government’s “insatiable desire to keep borrowing with the least opportunity.”
Mr. Jinapor claims that if this conduct is not stopped, it will make Ghana’s already problematic debt levels even worse.