Trafigura Judgment Debt: Family feud is the reason for government's termination of GPGC deal - John Jinapor

Ranking Member on 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 punish someone.

He alleged an individual had offended the President and as a result, the contract was terminated to make a point.

However, the NPP government later signed a similar contract with a different company.

“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],” the former Deputy Minister for Energy is quoted to have said by myjoyonline.com.

But Mr. Jinapor expressed his sadness over the fact that the National Democratic Congress (NDC) will have a lot of issues to address in its future administration.

His remarks came after the government's inability to settle a $134 million judgment debt led to the oil firm Trafigura seizing control of the Regina House in London, one of the most significant commercial assets in the nation.

Trafiguara has been unable to convince the Ghanaian government to reimburse the energy company for the judgment debt that was given to it following the unexpected termination of a power purchase agreement for the last four years.

KA

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