Minority wants AGM petroleum arrangement withdrawn

The Minority in Parliament is demanding the immediate withdrawal of the controversial AGM Petroleum Ghana Limited agreement which has seen the country’s stake in the oil contract reduced from 43% to a paltry 18%.

The agreement was signed in 2013 but in 2018 attempt to review the contract was rejected by then Energy Minister, Boakye Agyarko, who then said it was not in the interest of government.

But curiously, his successor, John Peter Amewu has okayed the renegotiation of that agreement which the Minority claims will lead to a potential loss of about $10 billion to Aker Energy.

At a press briefing Friday, Minority leader, Haruna Iddrisu questioned the essence of the renegotiation and why government was not engaged in acts that will be beneficial to the country and its interests.

More to follow