Row over $700m loan - GNPC seeks refuge in JJ’s law

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CHA 11 years ago

NDC thieves looking for avenues to steal once again from the Ghanaian

NDC thieves looking for avenues to steal once again from the Ghanaian
BOY KOFI 11 years ago

NPP has millions of lawyers so what are they waiting for if they know very well and good that GNPC is wrong?Thank you.

NPP has millions of lawyers so what are they waiting for if they know very well and good that GNPC is wrong?Thank you.
Anonymous Coward 11 years ago

Ghana is a joke. Thanks to idiots like Alex Mould.

Ghana is a joke. Thanks to idiots like Alex Mould.
Lamse 11 years ago

What is gnpc going for the loan for? Is it for something good? These are the questions to ask. NPP is just opposing for opposing case. They were so happy when they were able to secure loans whilst they were in power. They boa ...
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What is gnpc going for the loan for? Is it for something good? These are the questions to ask. NPP is just opposing for opposing case. They were so happy when they were able to secure loans whilst they were in power. They boasted of about it. What has changed? Foolish democracy with foolish opposition.
Dagadu 11 years ago

You don't know nothing. Nobody is saying that GNPC can not go for a loan. We are saying that the should do the right thing. Simple thing, what is preventing the GNPC to pass it through Parliament? That is what the Constitutio ...
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You don't know nothing. Nobody is saying that GNPC can not go for a loan. We are saying that the should do the right thing. Simple thing, what is preventing the GNPC to pass it through Parliament? That is what the Constitution is saying. When the company is allowed to that, it will serve as precedent for other companies to do the same and it will be bad for Ghana's economy. If the gentleman is not aware no law in the any country is bigger than the country's Constitution, otherwise there will be indiscipline in the system. So please Mr. Lamse I think I have educated you here, without insulting you. Just tell your pay masters to do the right thing, period.
DAN 11 years ago

how often does the vice president drill your anus

how often does the vice president drill your anus
VAN D 11 years ago

The Germans are smart people. I hope they realize this is potentially illegal and decline this loan

The Germans are smart people. I hope they realize this is potentially illegal and decline this loan
DAN 11 years ago

so what will gnpc have left to sell???? Most of oil alreeady belongs to china

so what will gnpc have left to sell???? Most of oil alreeady belongs to china
VAN D 11 years ago

The A-G is useless. She can barely prosecute a thief in a lower court let alone be an A-G. Only in Maham and NDC Ghana

The A-G is useless. She can barely prosecute a thief in a lower court let alone be an A-G. Only in Maham and NDC Ghana
CATAPULT 11 years ago

The secretive nature of the loan contracting process, which sought to circumvent the constitution in such an international transaction, clearly shows that, the whole staggering amount of almost $1billion dollars, was clearly ...
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The secretive nature of the loan contracting process, which sought to circumvent the constitution in such an international transaction, clearly shows that, the whole staggering amount of almost $1billion dollars, was clearly bound for the deep personal looting pockets of the Mahama-led NDC gov't and it's family and friends looting brigade, using Ghanaian's collective resource, which is our oil, for their personal aggrandizement, predicated on a law, which is convoluted at best, and when subjected to rigouous legal scrutiny, condemns that proposed loan agreement with the international creditors, to a fiasco and a breach.
The action of GNPC in seeking to contract this loan amount vis-à-vis the provisions of the Petroleum management bill and the constitutional provisions with respect to such loan amounts, is mightily untenable, and vastly incongruous with PNDCL 64, and same cannot serve as a strong foundational basis, for such an agreement, and the Alex Mould-John Mahama appointed GNPC head honcho, from all indications, has engaged in a malapropos manner, in seeking to appropriate this loan amount on the blindside of Parliament and the citizenry.
It is perverse, unapt and inappropriate position advanced by the John Mahama NDC appointed AG, in seeking to adduce validity to the said loan agreement, and needs to be curtailed.
The intentions of the GNPC might well be good, however, the process embarked upon is wrong, smacks of a loot, which would not be out of place by any stretch, if past and present events are anything to go by, judging from the fact that, reasons cited for the loan amount as put out there by the Alex Mould-led GNPC, and what is actually, on the contract documents, it is alleged, are clearly at variance and loggerheads, with what the GNPC is letting on.
Further prodding should paint a much clearer picture, and further buttress the need to ensure that, the loan is subjected to Parliamentary scrutiny, to provide the needed safeguards, and checks and balances, with the ultimate objective being transparency and accountability.

BOY KOFI 11 years ago

If GNPC is wrong somebody should haul them to court as simple as that.I am not a lawyer to understand all these so I would like to hear the court's verdict.On the other hand,the Parliament can also invite GNPC boss and the A- ...
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If GNPC is wrong somebody should haul them to court as simple as that.I am not a lawyer to understand all these so I would like to hear the court's verdict.On the other hand,the Parliament can also invite GNPC boss and the A-G to house for clarification.There is no need to politicise everything in the country.Thank you.
STONER KOBYLYNTON 11 years ago

It seem the word "politicise or politisation" has become one of your lexicons. You fond of concluding every issue in the scope of politics - Boy Kofi! I think you took time to read the article carefully and with your literacy ...
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It seem the word "politicise or politisation" has become one of your lexicons. You fond of concluding every issue in the scope of politics - Boy Kofi! I think you took time to read the article carefully and with your literacy level, you can judge for yourself what people you think are opposition to the government are talking about. It is a law drawn in a past Military Government which GNPC is trying to use to secure this loan instead of the laws under current Democratic Government.

Discerning Ghanaians want GNPC use the right channel to secure the loan than going by the back door. If it is a legitimate loan with good intentions, why should they use an obsolete law to contract the loan. I am now agreeing to a statement made by Dr. Kwabena Agyei of NDC in the early part of this year when he said that "There are bunch of NDC supporters who will never change their voting pattern no matter what". Think about this statement very carefully and draw your conclusion. Simple put, what he means is that, majority of NDC voters no matter their literacy level are fools and cannot differentiate right from wrong and would always follow the multitude. What is politics in this issue - Boy Kofi?
BOY KOFI 11 years ago

Do you know how many PNDC Laws we have in our Constitution today?Just go and count them before you come and pour your rubbish here.Now listen,I do my own analysis based on the subject matter but not based on politics.This is ...
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Do you know how many PNDC Laws we have in our Constitution today?Just go and count them before you come and pour your rubbish here.Now listen,I do my own analysis based on the subject matter but not based on politics.This is a pure legal affair between 3 parties,GNPC,AG and NPP.How do you want to solve the problem?Come and sit on radio,write rubbish on the internet and waste our time with news papers?These NPP MP's are right there in parliament,some of them are judges and lawyers,what are they waiting for if indeed GNPC is wrong?Are they going to organise many demonstration for this or it's just another way to make Ghana ungovernable?These are the questions that come up into my mind.So think twice young man and stop insulting people that you don't even know.Thank you.
DAN 11 years ago

is this how she got the job?

is this how she got the job?
KnYc(USMC) 11 years ago

Yes, is all about Dick and pussy. No sense, you get pussy, you get a position in gov't. Ask that Vick, she will tell you how is been than.

Yes, is all about Dick and pussy. No sense, you get pussy, you get a position in gov't. Ask that Vick, she will tell you how is been than.
KnYc(USMC) 11 years ago

How is been done.

How is been done.
Serebor 11 years ago

Because of IMF conditions the government cannot borrow anymore to worsen the economic conditions. It is therefore using GNPC to borrow early for the 2016 elections. That is why GNPC is running away from Parliament. When it pa ...
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Because of IMF conditions the government cannot borrow anymore to worsen the economic conditions. It is therefore using GNPC to borrow early for the 2016 elections. That is why GNPC is running away from Parliament. When it passes through Parliament, they will insist that the money be used for the purpose of which it was borrowed. But this money, folks is for NDC campaign 2016.
Ketaboy 11 years ago

GNPC is a corporation. It is clear in the Constitution that Govt must go through Parliament. Where in the Constitution does it say that Corporation must pass their international loans through Parliament? If Tullow needs loan ...
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GNPC is a corporation. It is clear in the Constitution that Govt must go through Parliament. Where in the Constitution does it say that Corporation must pass their international loans through Parliament? If Tullow needs loan it must pass it through Parliament? Just asking. Let us be sensible and not emotional. Leave politics out of this.
Anyone read the Articles of Incorporation and Bye-Laws of GNPC?
esi 11 years ago

then they should not use the countrys resoures as their colatral

then they should not use the countrys resoures as their colatral
WHEN? 11 years ago

REVISITING TSATSU'S CAUSING FINANCIAL LOSS TO THE NATION. KWESI BOTWE WHERE ARE YOU?. IS THIS NOT THE ROUTE THAT SAME ROUTE THAT WAS USED TO BY-PASS YOUR RUNNING OFFICE?. HAS TERKPER GOT THE GUTS TO SAY NO LIKE YOU DID?. BY T ...
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REVISITING TSATSU'S CAUSING FINANCIAL LOSS TO THE NATION. KWESI BOTWE WHERE ARE YOU?. IS THIS NOT THE ROUTE THAT SAME ROUTE THAT WAS USED TO BY-PASS YOUR RUNNING OFFICE?. HAS TERKPER GOT THE GUTS TO SAY NO LIKE YOU DID?. BY THE WAY, WAS ALEX MOULD THE THEN DEPUTY TO TSATSU AT TOR AT THE TIME?

HMMMMMM 11 years ago

ALL ARE EVILS,CRIMINALS,CORRUPT,GOD SAVE GHANA FOR US OOOOOOO

ALL ARE EVILS,CRIMINALS,CORRUPT,GOD SAVE GHANA FOR US OOOOOOO
Akwasi 11 years ago

What's wrong with our legal experts. Repeal all bogus "Coup d'etat laws".

What's wrong with our legal experts. Repeal all bogus "Coup d'etat laws".
Kwame 11 years ago

The minister in the npp regime was right in authorizing the sale of gnpc ship without palimentary approval by the pndc cl but wrong using the same authority at this time

The minister in the npp regime was right in authorizing the sale of gnpc ship without palimentary approval by the pndc cl but wrong using the same authority at this time
WISE GUY 11 years ago

Another fool, because NPP did it we should allow NDC to do it? when shall this craziness end. If it slipped through during NPP's era the more reason we should be vigilant not to let this one slip through other than that it be ...
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Another fool, because NPP did it we should allow NDC to do it? when shall this craziness end. If it slipped through during NPP's era the more reason we should be vigilant not to let this one slip through other than that it becomes a vicious cycle. Ofui.
mohammed 11 years ago

if you are getting 4.4 interest on behalf of the people outside Ghana and does not want to pay 15% interest from Ghanaian banks what are you hiding Mr Mould? take it to parliament for a sober discussions and analysis. PNDC la ...
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if you are getting 4.4 interest on behalf of the people outside Ghana and does not want to pay 15% interest from Ghanaian banks what are you hiding Mr Mould? take it to parliament for a sober discussions and analysis. PNDC laws cannot stand the way of constitutional scrutiny test.
Chris 11 years ago

Another Woyome in the coffin. Attorney general becareful ooo!!! Remember Betty mould. A word to the wise.... Hmm.

Another Woyome in the coffin. Attorney general becareful ooo!!! Remember Betty mould. A word to the wise.... Hmm.
Dan Buduh 11 years ago

What every Ghanaian should ask is: is the Constitution the Supreme Law of Ghana? If the answer is yes, then all the noise about PNDC Law whatever is baseless. The CEO of GNPC has no case and no argument. He should place his i ...
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What every Ghanaian should ask is: is the Constitution the Supreme Law of Ghana? If the answer is yes, then all the noise about PNDC Law whatever is baseless. The CEO of GNPC has no case and no argument. He should place his intended loan before Parliament or he should forget about. We are not interested at this stage of its benefits we are interested in ensuring that the right body, Parliament, discusses it and decide on its approval or not.
It is unfortunate that the Minister of Justice and Attorney General gave her blessing to Mr Mould to proceed.

Thank you Dr Assibey Yeboah. Please insist that the right thing is done and all MPs must join - whether in majority or minority.

God bless Ghana.
KnYc(USMC) 11 years ago

If you are going for a loan, with this cheap loan for $700,000,000. Are you crazy? A whole country going for this cheap money. Than go for 3 billions to improve our roads.

If you are going for a loan, with this cheap loan for $700,000,000. Are you crazy? A whole country going for this cheap money. Than go for 3 billions to improve our roads.
Paa Nkwefie 11 years ago

It appears Mr. Mould has something to hide. He should be made to understand that GNPC is a public institution,and therefore, subject to constitutional provisions. He should also be made to understand that the PNDC law he is r ...
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It appears Mr. Mould has something to hide. He should be made to understand that GNPC is a public institution,and therefore, subject to constitutional provisions. He should also be made to understand that the PNDC law he is relying on, is in conflict with the 1992 constitution and when such situation arises the constitution prevails. His unyielding posture smacks of a hidden agenda. Afterall nobody is preventing him from securing a loan for public good. All that is needed is accountability. Therefore, he should seek parliamentary approval for the loan as per the 1992 constitutional provision.
Akans Prophecies 11 years ago

Is not time Ghana makes its government or administration less attractive and non-profitable to relief this country out of preys and economic looters. They just go for the administration to steal and destroys everything , lea ...
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Is not time Ghana makes its government or administration less attractive and non-profitable to relief this country out of preys and economic looters. They just go for the administration to steal and destroys everything , leaving the millions of populace in total hardships. There must be system that checks and punishes every government after its tenure. Our economy have been destroyed since decades by reckless men and women ,selfish and wicked , using codes and foolish laws to protect their bootins ,making themselves , free even in plain evidences of corruptions. It is very clear from evidences that those who loot, steal are the very top servants of the government or have collaborated to every loss of states finance. It is even more insdious in the case of Mahama , where naked stealing is encouraged by a fake government . Massive borrowing in the name of the state whiles the money goes to private pockets. Make laws to arrest these culprits, jail them severely and confiscate their assets to discourage these practices to make governments non profitable institution. Who will ever trade his commodities to the starvation of his real kingdom ? Idiots !

Joseph Baffoe 11 years ago

Did ex - President Kuffuor passed through the Parliament before bringing in the Chinese to build the stadium for Can games? Did anyone Ghanaian asked him anything? What about the P&T? What about the GNPC Drilling Ship? Becaus ...
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Did ex - President Kuffuor passed through the Parliament before bringing in the Chinese to build the stadium for Can games? Did anyone Ghanaian asked him anything? What about the P&T? What about the GNPC Drilling Ship? Because NPP can do anything ,bye pass the Parliament and no Ghanaian will raise a finger! Ghanaians should revisit all these cases, including former Attorney General Aminu..Woyome, Isofoton, CP, and many issues were caused by the very people who are crying foul, but they are in Ghana , some in the Parliament enjoying their botty.Ghanaians should learn how to call spade a spade.
Gordon 11 years ago

if kuffour did it and it was wrong we should sit there for NDC to repeat the same mistake? it is only a fool who doesn't change his or her mind if things are going wrong. why do u hv to wrap yourself with party colors in nati ...
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if kuffour did it and it was wrong we should sit there for NDC to repeat the same mistake? it is only a fool who doesn't change his or her mind if things are going wrong. why do u hv to wrap yourself with party colors in national development? who will not be happy if the NDC are working to the good people of Ghana? they called themselves social Democrats but I always ask what r some of the social intervention policies they have put in place to benefit the poor people in the country? if we juxtapose the amount borrowed by this government to the development of the country, one can see that they are just fooling us.
BOY KOFI 11 years ago

Let them spill out rubbish day in day out,they are digging their own grave.I want to see any brave warrior in the NPP to drag GNPC to court if they are truely patriotic.Thank you.

Let them spill out rubbish day in day out,they are digging their own grave.I want to see any brave warrior in the NPP to drag GNPC to court if they are truely patriotic.Thank you.
Enoch Aboagye Larbi 11 years ago

Is

Is
Enoch Aboagye Larbi 11 years ago

Lawyer Aboagye is leaking information from ghana gas to dan botwe and some journalists.

Lawyer Aboagye is leaking information from ghana gas to dan botwe and some journalists.
Nana Oben 11 years ago

Alex Mould is being disingenuous when he quotes a law relying on the "SECRETARY" of Finance, instead of the
"MINISTER" of Finance which is now the AUTHORITY of the day. For him to be the CEO of ANY PUBLIC INSTITUTION He ough ...
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Alex Mould is being disingenuous when he quotes a law relying on the "SECRETARY" of Finance, instead of the
"MINISTER" of Finance which is now the AUTHORITY of the day. For him to be the CEO of ANY PUBLIC INSTITUTION He ought to know and follow the RULES OF THE DAY. By the way is he related to Betty of JUDGEMENT DEBTS SAGA?
mahall 11 years ago

Ooooh Ghana and NDC why,another Betty mould giving this idiots the chance to go ahead and collect money to share again.AG office is a shame paaa

Ooooh Ghana and NDC why,another Betty mould giving this idiots the chance to go ahead and collect money to share again.AG office is a shame paaa
ffonky 11 years ago

If not then they should follow the Laws abiding Loans for goverment Institutions.
All the arguements they are making can also be made in the parliamentery approval board.
Or are they hiding under the "UMBRELLA"?- Money for ...
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If not then they should follow the Laws abiding Loans for goverment Institutions.
All the arguements they are making can also be made in the parliamentery approval board.
Or are they hiding under the "UMBRELLA"?- Money for elections 2016?
Haile Mengistus Manasseh V11 11 years ago

It is sad Ghanaian press has nothing constructive to offer than to engage themselves in NPP's media warfare. Anyway they're bankrolled to do it and lost their conscience.

It is sad Ghanaian press has nothing constructive to offer than to engage themselves in NPP's media warfare. Anyway they're bankrolled to do it and lost their conscience.
Haile Mengistus Manasseh V11 11 years ago

The introductory line of this write up is a laughing stock and show how deficient some of our journalists are. The presenter wrote $700 and describe it as whooping and surprisingly all who contributing to the forum could not ...
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The introductory line of this write up is a laughing stock and show how deficient some of our journalists are. The presenter wrote $700 and describe it as whooping and surprisingly all who contributing to the forum could not detect how misleading this is.
Seth 11 years ago

fine Haile, but you must also note that the word is whopping and not whooping as you posted.I think what happened was just a printer's devil $700m was in the headline. look at the substantive issue instead of attacking the jo ...
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fine Haile, but you must also note that the word is whopping and not whooping as you posted.I think what happened was just a printer's devil $700m was in the headline. look at the substantive issue instead of attacking the journalist who wrote whopping and not whooping as you have stated here
the lone crudader 11 years ago

Ghana has the urgency to do away with all those pndc cagaroo decrees which has hunted ghana to where it is today i blow the sos whistle who can hear

Ghana has the urgency to do away with all those pndc cagaroo decrees which has hunted ghana to where it is today i blow the sos whistle who can hear

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Row over $700m loan - GNPC seeks refuge in JJ’s law

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