Ibrahim Mahama asked to submit passport

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Odikro 8 years ago

They acted together, even though John might - as expected - deny it.

They acted together, even though John might - as expected - deny it.
KD 8 years ago

FOOL!!!!

FOOL!!!!
PRINCE KWASI ADADE (OFIE P33) 8 years ago

AUTHOR: OSONO ------- I'm glad Mahama lost. Ghana would have collapsed if the ndc won. The special prosecutor must start working immediately. Get these stupid thieves in jail now.With the numerous problems confronting cocobod ...
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AUTHOR: OSONO ------- I'm glad Mahama lost. Ghana would have collapsed if the ndc won. The special prosecutor must start working immediately. Get these stupid thieves in jail now.With the numerous problems confronting cocobod,it was absolutely inhumane for the then boss to earn that much. Ndc was led by robbers.
Frank Agyena-Karikari 8 years ago

What politicians and their cronies should note is that not all Ghanaians are corrupt or belong to the same party. Others watch the shady deals you make and will report and testify at the rest time.
Ibrahim is known as rich. ...
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What politicians and their cronies should note is that not all Ghanaians are corrupt or belong to the same party. Others watch the shady deals you make and will report and testify at the rest time.
Ibrahim is known as rich. Why issue a dud cheque? That can even land him in prison if it has been very often and the amount involved is big. Ibrahim, your penis has now shrank. No position is permanent. Those who do not know Akuffo Addo should be careful. He will not pardon anybody.
Ei, where is Owuraku Amofa, Akua Donkor, Nyaho Tamakloe and Tarzan. Silenced. Hahahahaha. Quiet because Mahama is no more.
SGT. ANANE 8 years ago

WE THE GOOD PEOPLE OF GHANA REGRET VOTING FOR CROOKED NANA ADDO!!!

WE THE GOOD PEOPLE OF GHANA REGRET VOTING FOR CROOKED NANA ADDO!!!
moshie 8 years ago

ooo naapo. NANA will jail the stupid idiot. mahama will cry for his stupidness and greediness. Onyame na atua ne ka. abowa

ooo naapo. NANA will jail the stupid idiot. mahama will cry for his stupidness and greediness. Onyame na atua ne ka. abowa
Kanawu!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 8 years ago

WE OWE IT A DUTY TO THE GOOD PEOPLE OF GHANA TO RETRIEVE ALL THE STOLEN MONEY. MAKE NOT MISTAKE. WE WILL RETRIEVE EVERY PENNY. THIS IS NOT WITCHHUNTING. WE HAVE TO GET RIDE OF THE ROT IN THE SYSTEM CREATED BY THE NDC. GHANA H ...
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WE OWE IT A DUTY TO THE GOOD PEOPLE OF GHANA TO RETRIEVE ALL THE STOLEN MONEY. MAKE NOT MISTAKE. WE WILL RETRIEVE EVERY PENNY. THIS IS NOT WITCHHUNTING. WE HAVE TO GET RIDE OF THE ROT IN THE SYSTEM CREATED BY THE NDC. GHANA HAS ALL THE NATURAL RESOURCES AND EVEN THE HUMAN RESOURCE CAPABILITIES BUT WERE ARE LAGGING BEHIND DUE TO CORRUPTION. NOT UNDER THE WATCH OF NANA ADDO. WE ARE GETTING RIDE OF CORRUPTION FROM THE SYSTEM AND THE DETERRENT HAS JUST BEEN EMBARKED UPON..........
Kofi Columbia 8 years ago

Are you also voted in to power please let us know your position in the government

Are you also voted in to power please let us know your position in the government
Thabo 8 years ago

You are the biggest fool i have ever seen.put true identity of yourself and see what will happen to you.Fool.He should also submit your prostitute mother.

You are the biggest fool i have ever seen.put true identity of yourself and see what will happen to you.Fool.He should also submit your prostitute mother.
Kwasi 8 years ago

Family Links and Abuse of Power

Family Links and Abuse of Power

predator 8 years ago

is that mahama a happy man at all? today it is your brothers' corrupt practices, yesterday it was lordina, that aberewa and stephen opuni. tomorrow it will be 50 contestants for flag bearership for the criminals' party ndc

is that mahama a happy man at all? today it is your brothers' corrupt practices, yesterday it was lordina, that aberewa and stephen opuni. tomorrow it will be 50 contestants for flag bearership for the criminals' party ndc
D DAY 8 years ago

NEED TO ALSO INVESTIGATE WHY MOST OF THE FINANCIAL CRIMINALS ARE EWES AND NDC AND SO ALMOST 100 PERCENT WIN FOR NDC THERE IN VR.

NEED TO ALSO INVESTIGATE WHY MOST OF THE FINANCIAL CRIMINALS ARE EWES AND NDC AND SO ALMOST 100 PERCENT WIN FOR NDC THERE IN VR.
CAR 8 years ago

ENVY NPP DRUG GUYS ALL WILL BE ARRESTED IF TRY TO SMUGGLE DRUGS TO ABROAD ONE BY ONE. NPP DRUG BARRON. NPP AND KEN ENVY IBRAHIM FOR HIS HARD WORK JOBS DONE.IBRAHIM NOT LAZY AND DRUG GUY.

ENVY NPP DRUG GUYS ALL WILL BE ARRESTED IF TRY TO SMUGGLE DRUGS TO ABROAD ONE BY ONE. NPP DRUG BARRON. NPP AND KEN ENVY IBRAHIM FOR HIS HARD WORK JOBS DONE.IBRAHIM NOT LAZY AND DRUG GUY.
SMART FREMPAH, UK 8 years ago

Are they not the bounced cheques he issued? The veracity of every allegation is neigh. We are closing on the rogues, finally.

Are they not the bounced cheques he issued? The veracity of every allegation is neigh. We are closing on the rogues, finally.
Crying heart for JM 8 years ago

Smart UK
I thought you should be smarter than this

Smart UK
I thought you should be smarter than this
NIPA YE BAD 8 years ago

KENNEDY ADJAPONG ENVY IBRAHIM,BUT NOBODY CAN DO FOKO TO HIM,KEN SHOULD PREPARE TO RUN AWAY FROM GHANA,FOOL.

KENNEDY ADJAPONG ENVY IBRAHIM,BUT NOBODY CAN DO FOKO TO HIM,KEN SHOULD PREPARE TO RUN AWAY FROM GHANA,FOOL.
Nana Oparko 8 years ago

Kennedy Agyapong don't envy Ibrahim Mahama, & will never envy him. Ibrahim Mahama is a thief, likewise his brother John Dramani Mahama. When they were in power & were disrespecting, looting & sharing the tax payers money & we ...
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Kennedy Agyapong don't envy Ibrahim Mahama, & will never envy him. Ibrahim Mahama is a thief, likewise his brother John Dramani Mahama. When they were in power & were disrespecting, looting & sharing the tax payers money & were being advised, they told we the Ghanian people that "Yentie obiaa". Now, you'll "tie" the law of the land. All NDC party officials are to face justice. Any NDC party officials that bought any of the government V8 vehicles & cars, are to return them. How much they bought those vehicles & cars for, the government in power, is to give them their money back & take the cars & vehicles. Anyone who fail to comply with the government orders, are to be arrested & put to jail. Also, the government should come out with a ransome money that, anybody who knows where any NDC member has hid any of these, should report & the person will be given a certain amount of money, & their identity will not be revealed. I bet you, if the government or the security agencies come out with these promises, they'll retrieve all the stolen V8's & cars. The so called Alhaji Bature too, should be arrested. When John Dramani Mahama was first sworn in as the president, he said all that he needed, was a printing machine & if he's able to get it, he'll relax & truly, as soon as he got it, I didn't hear from him again, till recently. Thieves! Thieves! Thieves!
Crying heart for JM 8 years ago

Tell your father Nana should come for it

Tell your father Nana should come for it
Franklin Osei 8 years ago

Nana addo is a foolish man

Nana addo is a foolish man
Salifu 8 years ago

Learn to respect.You better contribute positively to the issue than to insult,

Learn to respect.You better contribute positively to the issue than to insult,

21st century boy 8 years ago

When MAHAMA is insulted good. When AKUFFO ADDO is insulted that is bad. I blame your half thinking parents.

When MAHAMA is insulted good. When AKUFFO ADDO is insulted that is bad. I blame your half thinking parents.
Crying heart for JM 8 years ago

Shut up

Shut up
fire 8 years ago

Eish u call a 73yr old man foolish?
Jesus christ
Repent or else u will really suffer in life

Eish u call a 73yr old man foolish?
Jesus christ
Repent or else u will really suffer in life
21st century boy 8 years ago

MAHAMA and other Ghanaian are not 73 yes so u can insult them but if it is Npp member it is not good. Did u people read most comments by UR Npp people. I would not insult an elderly or Nana Addo . but u people should be re ...
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MAHAMA and other Ghanaian are not 73 yes so u can insult them but if it is Npp member it is not good. Did u people read most comments by UR Npp people. I would not insult an elderly or Nana Addo . but u people should be reasonably fair. All human beings are thinking.
Allhassan Ibrahim 8 years ago

who is Nana addo , DAT stupid and foolish 73year old cocaine dealer or who?

who is Nana addo , DAT stupid and foolish 73year old cocaine dealer or who?
Ad 8 years ago

What ever you say, he is still your president and ruling you,whether you like it or not.

What ever you say, he is still your president and ruling you,whether you like it or not.
Nana Oparko 8 years ago

Alhassan Ibrahim, your father & ancestors are foolish & not Nana Addo. I'm sure the shit that your ancestors carried long time ago on their head, is affecting you. "Nantwie muu"

Alhassan Ibrahim, your father & ancestors are foolish & not Nana Addo. I'm sure the shit that your ancestors carried long time ago on their head, is affecting you. "Nantwie muu"
Thabo 8 years ago

It is so obvious that people like you have been paid to be replying with lies.If it's Mahama is insulted then is fine but if you insult Nana Addo then you can't insult him.Who is Nana Addo.

It is so obvious that people like you have been paid to be replying with lies.If it's Mahama is insulted then is fine but if you insult Nana Addo then you can't insult him.Who is Nana Addo.
Charles Higgins 8 years ago

Why is your President foolish? Any reason?

Why is your President foolish? Any reason?
21st century boy 8 years ago

Mahama not president so Npp oyaa call him fool but Nana ADDO no fool. It is true insults are not good but u Npp should be reasonable a little. Read the comments directed at MAHAMA and see. Dont think half way.

Mahama not president so Npp oyaa call him fool but Nana ADDO no fool. It is true insults are not good but u Npp should be reasonable a little. Read the comments directed at MAHAMA and see. Dont think half way.

Smart Frempah, UK 8 years ago

Franklin, are you saying Nana Addo is a foolishman because he is getting rid of rogues like you? Whether you like it or not, Nana is here to stay and much longer. Adapt or find a new destination. No insults because brains a ...
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Franklin, are you saying Nana Addo is a foolishman because he is getting rid of rogues like you? Whether you like it or not, Nana is here to stay and much longer. Adapt or find a new destination. No insults because brains are not at work.
Frank Agyena-Karikari 8 years ago

But still your president and he calls the shots.

But still your president and he calls the shots.
Kanawu 8 years ago

NDC stupid foot soldier, following blindly these corrupt thieves . Kwasea kwa.

NDC stupid foot soldier, following blindly these corrupt thieves . Kwasea kwa.
mahamathethief 8 years ago

Who should attack him...if u a man try it...

Who should attack him...if u a man try it...
Kwame USA 8 years ago

HE MUST BE HELD ACCOUNTABLE FOR ALL THE FAKE CHECKS

HE MUST BE HELD ACCOUNTABLE FOR ALL THE FAKE CHECKS
Nene Nannor. 8 years ago

Franklin Osei, l now know you are a foolish man. God will punish you forever for insulting Nana. How stupid, are you. Ibrahim issued fake cheque and you want him to go free. NDC people are thieves and fools.

Franklin Osei, l now know you are a foolish man. God will punish you forever for insulting Nana. How stupid, are you. Ibrahim issued fake cheque and you want him to go free. NDC people are thieves and fools.
Alicia 8 years ago

Just like your father!

Just like your father!
skotsman 8 years ago

You are the foolish man. Wo maame tw3 wate!!!!

You are the foolish man. Wo maame tw3 wate!!!!
omanbapa 8 years ago

This is a potentisl alarm that shows how you easily insult your own family elders.

This is a potentisl alarm that shows how you easily insult your own family elders.
Nana Oparko 8 years ago

Franklin Osei, you're foolish likewise you stupid father, who didn't educate you well. Do you really have a father, I don't think so. I'm sure you're a bastard.

Franklin Osei, you're foolish likewise you stupid father, who didn't educate you well. Do you really have a father, I don't think so. I'm sure you're a bastard.
Atta K 8 years ago

When it is coming, it is doing

When it is coming, it is doing
KD 8 years ago

I hit northerners. They are thieves and opportunist. Ntafo3 are like animals. The only difference is the skin.

I hit northerners. They are thieves and opportunist. Ntafo3 are like animals. The only difference is the skin.
Nsiah 8 years ago

Oh KD a very Big Shame to you.It is time we do away with Tribalism.I feel very sad for what you have written.May God forgive you

Oh KD a very Big Shame to you.It is time we do away with Tribalism.I feel very sad for what you have written.May God forgive you
KK 8 years ago

Buh remmba da animals ur are insulting fucked ur so called people to make u tall, handsome and beautiful. Now u should understand ur tribe practices bestiality. U sleep wif animals

Buh remmba da animals ur are insulting fucked ur so called people to make u tall, handsome and beautiful. Now u should understand ur tribe practices bestiality. U sleep wif animals
African 8 years ago

KD is that how best you can contribute to this discussion of national interest?
You should be ashamed of yourself. Remember if you are an NPP man, that Dr.Bawumia in your camp is a northerner and if you are an NDC man Ex-Pr ...
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KD is that how best you can contribute to this discussion of national interest?
You should be ashamed of yourself. Remember if you are an NPP man, that Dr.Bawumia in your camp is a northerner and if you are an NDC man Ex-President Mahama in your camp is a northerner.
You should be ashamed of yourself!!!
Avordi 8 years ago

that is to say that Bawumia is an animal n he being a leader in npp, it means all npp members are animal because an animal can only lead animals not humans. KD have seen how u insulted ur own people. in fact u are a fool, a b ...
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that is to say that Bawumia is an animal n he being a leader in npp, it means all npp members are animal because an animal can only lead animals not humans. KD have seen how u insulted ur own people. in fact u are a fool, a baptised idiot. Have u taken your pills today. Who released u from asalam in the first place
Dessie 8 years ago

Really:They were disinfranchized for long and it is time for them to benefit the fruit of our nation

Really:They were disinfranchized for long and it is time for them to benefit the fruit of our nation
Nothern Guy 8 years ago

Learn to speak good and write good english before you try descending on people you simply hate for no reason. I pity your kid

Learn to speak good and write good english before you try descending on people you simply hate for no reason. I pity your kid
Allhassan Ibrahim 8 years ago

DE so call kd i wish i meet u face to face right now and find out de different between ntafo3 and u.oh no wander DAT animal called bawumia is also following DAT animalistic part call npp.

DE so call kd i wish i meet u face to face right now and find out de different between ntafo3 and u.oh no wander DAT animal called bawumia is also following DAT animalistic part call npp.
Thabo 8 years ago

Just look at what you are saying?You are the biggest fool i have ever seen.Are you better than notherner's?You are an ass hole.You are mother is a bitch.You don't even know your father.

Just look at what you are saying?You are the biggest fool i have ever seen.Are you better than notherner's?You are an ass hole.You are mother is a bitch.You don't even know your father.
Adu 8 years ago

why submit passport?

why submit passport?
polobolo 8 years ago

What do you know Adu?

What do you know Adu?
Dessie 8 years ago

What else do you as well:error on checkmisuing is a surrender of passport?..numbers and figures of checques usually mistaken and called the issuer to. Ake corrections and even id duties are undercharged re-evaluation of the d ...
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What else do you as well:error on checkmisuing is a surrender of passport?..numbers and figures of checques usually mistaken and called the issuer to. Ake corrections and even id duties are undercharged re-evaluation of the duty need assessment so then why surrender oassport if this purported report true
Dessie 8 years ago

They are demeaners

They are demeaners
Keane 8 years ago

Hilarious hopefully this is the start of paperwork financia:l mistakes that will put him in prison for all the corruption he and that evil ex president put upon Ghana

Hilarious hopefully this is the start of paperwork financia:l mistakes that will put him in prison for all the corruption he and that evil ex president put upon Ghana
kweku 8 years ago

enkosi agaa

enkosi agaa
ETSE 8 years ago

SON OF A BITCH,THAT DONKEY MAHAMAH WHO HAS MADE YOUR LIFE UNBEARER IS SUBSTANDARD BEING AND GYIMIFOUR.BEAR IN MIND ALL THOSE WHO HAVE STOLEN FROM POOR TAX-PAYERS WILL BE GAOLED.ABOA BI BA LIKE YOU,IF YOU HAVE BAWUMIAH TYPE OF ...
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SON OF A BITCH,THAT DONKEY MAHAMAH WHO HAS MADE YOUR LIFE UNBEARER IS SUBSTANDARD BEING AND GYIMIFOUR.BEAR IN MIND ALL THOSE WHO HAVE STOLEN FROM POOR TAX-PAYERS WILL BE GAOLED.ABOA BI BA LIKE YOU,IF YOU HAVE BAWUMIAH TYPE OF PERSONALITY IN YOUR VILLAGE YOU WOULD ADMILE THAT PERSON.IDIOTIC BEAST,YOU ARE ONE OF THOSE GHOST PEOPLE WHO WERE HAVING THEIR NAMES ON THE PAY ROLL THAT HAVE BEEN SCREENED THAT IS WHY YOU ARE HOT BUT YOUR STUPID INSULTS AND CALL OF NAMES WON'T HELP.
fear woman 8 years ago

nsawam is waiting for u.haha

nsawam is waiting for u.haha
Keane 8 years ago

Oh yea while he is there he can des robe how he got the AMERI power contract deal and what work he did and how much he got paid .....to follow onto other posts
AMERI What a surprise ...after bribing everyone to go on a visi ...
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Oh yea while he is there he can des robe how he got the AMERI power contract deal and what work he did and how much he got paid .....to follow onto other posts
AMERI What a surprise ...after bribing everyone to go on a visit to review the contract ....one minute going to negotiate now no negotiate ........they set the company up to SCREW Ghana the world is laughing at Ghana ...how many other multi million dollar contracts have AMERI ACHIEVED...ZERO how many other contracts has that crook His Royal Highness Sheikh Ahmed Bin Dalmook Al Maktoum, received a deal of $150 million commission ZERO ... why did the witness a known crook UMAR FAROOQ ZAHOOR witness contract then they say no no no he is not the crook he is s different man then a few days later he is removed ftom web site and resigned for personal reasons . Full story on Norwegian newspaper Verdens Gang (VG so corrupt bribery greedy NDC just screwed Ghana so CONTRACT is a FRAUD GET them all arrested for loss to state ...if nothing happens then NPP HAS ACCEPTED A BRIBE TO shut up? Now they have paid the committee hotels expenses and flights to investigate ....conflict of interest!!! (More bribes) apart from all the goings on the executive I trimmer from that EVIL corrupt ex president mahatma (agreeing to a project costing $300million more than any other project in the world EVER) the contract reads if AMERI do not like the government or whatever they can MAKE the government BUY the project ....so that's $300 million more than ANY other similar projects in the world ...TOTAL CORRUPTION TOTAL DISGRACE..100% within a few years they will attempt that clause as the project does not work $900million at one minute 12 cents then 14.5 cents per pkh for power (400mw at $600million oh dear Ghana ....EVERY ONE INVOLVED IN BRIBE-corruption PAST AND PRESENT WATCH THEM TALK RUBBISH TO CLOSE THE CONVERSATION DOWN

(Ofori Atta wildly removes 50,000 ghost names from Ghana's public payroll and it is good news)(still no arrests still no return of money even if $500 a month over 8 Years with NDC (they admitted in 2016 that they removed 27,000 ) so thats $462 million paid out and stolen by whoever withdrew the funds from those ghost accounts .
And not one mother fucker arrested or or 1 Cecilia recovered ...fucks sake ?!!!!

Source imani-
Friends, do not take the silence of AMERI’s supporters on this platform and in the open media to mean aloofness or nonchalance.
They have been hard at work, especially on WhatsApp and in private briefings, doing all they can to discredit IMANI’s campaign to persuade the public to view the deal as the “greatest swindle of the Ghanaian state in at least two decades”.
Since our responses have been fragmented across different posts, discussion threads, and ripostes across multiple platforms, we have been advised to assemble them all in one place in order to vindicate our campaign. We now have the pleasure and duty to proceed to do so.
Let us take just the main arguments that are being canvassed by pro-AMERI activists.
They have said that IMANI’s analysis of the financial terms of the deal is shallow because it assumes that such a deal can only be assessed in one way, when in fact different methods can show that it is a very fair deal.
IMANI is underestimating the cost of installing the turbines and exaggerating the profits made by the middle-men (brokers) because it does not understand IRR, NPV, and Discount Rate analysis, they insist.
How do we plead to this charge? Firstly, no one, at least, disputes the cost of the TM2500+ mobile aeroderivative gas turbines that were bought (in actual fact, the TM2500+ is the composite ‘power plant in the box’; the turbine itself in that box is the LM2500 aeroderivative engine).
And that is because no one can. Right there in Annex A to the agreement, its supplier and specifications are fully provided. The machine was acquired from APR, a recommended supplier of GE, by the brokers. APR openly lists the price of these machines. There is thus no dispute that the machines together cost $220 Million, and most likely less if bought in bulk.
As to why Ghana had to go to AMERI for AMERI to go to METKA for METKA to go to APR in order to acquire GE equipment, let’s leave that aside for now. Anybody with the most basic training knows that if something costs $22 million each and you want to acquire ten of them you would normally be entitled to a discount.
You can prove the point by walking to Kingdom Stationery and ordering 10 workstations at a go. I assure you a 15% discount off the catalogue price would be yours, but let’s even assume that the original procurers were obtuse enough to pay $220 million.
(Indeed in the World Energy Outlook database, per MW capital cost for gas turbine power is $500,000, so the $900,000 implied by the catalog price is precisely what you expect to see at catalogue price level, but let’s not over-flog the point.)
The $220 million is the engineering cost. Everyone knows that even if a machine, such as this one, has been designed as turnkey (literally, buy today, turn the key, and voila it starts working) one still need specialists to install, test and then commission it.
One also needs to plug it into whatever network is supposed to receive the output the machine generates. Also if somebody buys something on your behalf they deserve to be paid what in Ghana is called T&T.
Note however that in this case, unlike the case in a normal power plant, all that was needed was to integrate the turbines with the national grid equipment.
In fact, GE offers to install the machines for you in eleven days or even three days if as a user you don’t need a test run! You don’t have to have more than a JHS education to understand that what we are talking about here is not the building of Akosombo dam and township.
It is literally assembling a bunch of gizmos for cooling, firing up, and transmission of the generated power into the national grid.
As far as the transformers, civil works, utilities and sewers/tubing/tunnelling are concerned, Government of Ghana was responsible for bearing that cost. Supposing you bought a generator plant for installing in your factory for $22,000.
How much will you pay to install it? In Ghana’s case, continuing this analogy, we paid $14,000 because somehow we felt that even that part of the project should be handled by someone else and be billed as additional. But that is not even the main quarrel here.
Many anti-AMERI activists are not even taking the deal makers to task for paying $140 million on top of the $220 million to install a plant that from our analysis of several deals involving a EPC contractor cost of procurement, installation and commissioning almost never cross 10% of the total cost.
We are tearing our hair out because the government then went ahead and paid AN ADDITIONAL $150 million on top of things, citing something called ‘NPV analysis’ and ‘Balance of Plant’.
Yet, all one has to do is take a look at Annex E of the agreement and it is clear that the main core of this ‘balance’ that needs to be added to the turbines for the system to be complete and operational comprises merely of the exhaust module, the air intake nozzles and the data logging platform in the control room, all of these being assembly units clearly stated as standard and pre-packaged with the turbines!
All that is required, external to the weatherproof package and its trailer mounts, and in lieu of a complex structure, is the piping for coolant and fuel filtration and transmission.
So the “balance of plant” essentially refers to the fuel and coolant (‘demineralised water’) storage and dispensing system/controls that can be acquired for a few hundreds of thousands of dollars; and the earthing and electrical cabling works.
We are not talking here about giant buildings; or treatment systems; fire control was provided; ventilation is integrated, as is instrumentation; and security and fuel logistics handling is minimal because the plant is housed at the existing Takoradi Thermal Power station and shares its facilities.
And at any rate, the government of Ghana was billed separately for civil works, drainage and sewerage etc! So what serious ‘balance of plant’ are we talking about here exactly?
For a project that the manufacturer of the system says can take between 3 and eleven days from start to finish, we decided that for the work done in acquiring the plants and installing them (EPC), we will pay the brokers 65% of the total equipment cost due to our unwillingness to procure our own financing and then hire any EPC contractor for a few hundreds of thousands of dollars to commission the plants.
Anti-AMERI activists are willing to accept this $140 million dollar charge as pure financing costs (since the engineering, procurement, construction and commissioning activities in this project are hardly of serious note).
And had we left things there, the NPV analysis using an 8% discounting rate would have netted a decent aggregate profit of $72 million cool profit for the dealmakers, showing a 32% return in 5 years. Indeed, readers are welcome to take a look at how reasonable this rate of return is in a period of serious constraint in the energy plant financing industry. It is important to bear in mind when reviewing these calculations that cashflow from the investment is assured on a monthly basis; a graduated interest rate structure is required to fully appreciate the fixed cashflow; AMERI sought and secured exemptions from ALL domestic taxes in relation to the project; we are in a period of unprecedented low global interest rates; and there is a standby letter of credit to cover any defaults under every conceivable scenario in the one-sided agreement that was foisted on the Government of Ghana. AMERI enjoyed all of this PLUS a Performance Bond too (yes).
In fact, under the agreement, AMERI gets paid whether or not fuel from the government to produce electricity is forthcoming, and regardless of faults in the national grid.
It is easy to see how generous the deal at this level would have been when one benchmark against reference data globally.
The discount rate in Turkey itself is 5.25%. But the Ghanaian dealmakers felt that such prudence would not earn them any applause for being spectacular. So they upped the ante, and agreed to an additional $150 million on top of this for AMERI.
The party that did not procure the equipment, install a pipe, or turn even a valve on, but rode on the back of METKA and APR to secure the equipment and on PPL and Engineers & Planners to install and turn it on, gets a cool $122 million in NPV terms just for having swag! Frankly, that is where NPV analysis leads us.
And it sure as night follows day exonerates no one. In fact if we use as the discounting rate the cost of borrowing in the local USD credit market and compute the NPV of the margin for AMERI on the deal (relying on our generous EPC project value of $250 million), we get exactly $150 million! That is precisely the amount we overpaid if we measure against the alternative of borrowing from a consortium of local banks to buy the plant outright and getting the authorised supplier, APR, to install and commission. Any which way pro-AMERI analysts dice this, a $150 million loss cannot be argued away. For further clarity, see below a table providing comparative lending rates for various projects in the energy sector. But pro-AMERI analysts seem to believe that they have one ace up their sleeves. In some of the briefings, we have seen the argument appears to be that AMERI is producing cheap power and that cannot be the case if the capital cost of the plant is bloated (though as you can see from the other table attached, the capital cost is indeed the highest in Ghana). Fair point: how can an exorbitantly priced machine produce cheap trinkets? When some of us first heard this argument, frankly, we thought it was a joke. On top of selling the machines to Ghana at an exorbitant price and compelling us to provide fuel to power it, AMERI then went ahead and inserted a cool 0.5 US cents per kilowatt hour charge for the power that we shall be producing from equipment that we are paying for using fuel that we are supplying, netting them a neat $16.6 million a year! And though the agreement says that the plant gets handed over to the Government of Ghana if we keep up with all our payments, they still managed lock the power tariffs in the post-transfer period in an obvious ploy to ensure that even after handing the plant over to us they can still run the show (hence the efforts to get another plant at the Takoradi Power Station handed over to them). The combined tariff of 62 pesewas per kilowatt-hour that AMERI itself discloses in the agreement may be compared with the 2016 August Bulk Generation Charge that PURC has allowed other power plants in Ghana to charge on average: 35.97 pesewas! AMERI is thus, in fact, nearly 75% more expensive than the average power plant in Ghana. And we haven’t even factored in the cost of fuel. Consider that without a revision of the agreement, AMERI will be operating what is, in essence, a separate price-gouging regime in the country, in defiance of the PURC, that shall see Ghanaians paying almost twice for its power if we don’t act soon to shave off some of the $102 million a year it has managed to squeeze out of our diffident State. In view of all the foregoing analysis, IMANI’s simple view is that the Government of Ghana should not relent until it has managed to shave off two million dollars from each monthly payment. Duty calls on every Ghanaian to join this campaign
EBOBOBA 8 years ago

This is why the whole NDC apparatus was baying for the blood of kennedy Akompreko Agyapong.
When Kennedy Agyapong was dropping the goods about the Mahama's from John, Ibrahim and Lordina, NDC wanted him dead because thievery ...
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This is why the whole NDC apparatus was baying for the blood of kennedy Akompreko Agyapong.
When Kennedy Agyapong was dropping the goods about the Mahama's from John, Ibrahim and Lordina, NDC wanted him dead because thievery is the name of the game for the NDC party.
NDC will stay in opposition forever in this country, just watch. We have said it and will repeat it again. Those untainted must leave the NDC party now and join the NDP and build momentum for the Presidency somewhere in 2040. As for that NDC winning elections in Ghana here, forget it. It will not happen, I said it will not happen. Read my lips, it is over for NDC.
Sofia 8 years ago

Shame on Ken,Ibrahim will be vindicated.

Shame on Ken,Ibrahim will be vindicated.
AN. 8 years ago

This is just a concert party. Wait for the special prosecutor for shocking revelations and arrests. NDC tops all thieves. Evil doers, Galarmseyers and Nation wreckers.
How come all the NDC bigwigs were 8 years ago poor but n ...
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This is just a concert party. Wait for the special prosecutor for shocking revelations and arrests. NDC tops all thieves. Evil doers, Galarmseyers and Nation wreckers.
How come all the NDC bigwigs were 8 years ago poor but now superbly rich- just after 8 years. Mahama brothers are billionaires. Check Forbes magazine.
ken 8 years ago

OYIWA

OYIWA
Salifu 8 years ago

Oh Sam George why didn't you allow I.Mahama's Lawyer to bring the News out?

Oh Sam George why didn't you allow I.Mahama's Lawyer to bring the News out?
Bbb,Mahama remains a thief. 8 years ago

Great news.

Great news.
Dessie 8 years ago

Great news..really.Is that how out nation heading? Cheques normally written mistakenly,figures and numbers written usually errors and is that a crime,even if duties undercharged it is kot a crime.All they need to do revaluate ...
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Great news..really.Is that how out nation heading? Cheques normally written mistakenly,figures and numbers written usually errors and is that a crime,even if duties undercharged it is kot a crime.All they need to do revaluate the import duty..why ghanaians preempt statement ,manipulate stories to fablicate conclutions.we are nation of reckless information,we always feed with falsehood infotmation by out leaders and our media
Ewurade Kasa 8 years ago

Dessie, please travel outside this country and go and steal and see what other govts will do to you. You are the reason why African and ghana is not developed. Why are some of you always sympathizing with criminals? I think i ...
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Dessie, please travel outside this country and go and steal and see what other govts will do to you. You are the reason why African and ghana is not developed. Why are some of you always sympathizing with criminals? I think i know why. It's because of narrow mindedness.
joel prempeh 8 years ago

yes....oooo wahara do start..

yes....oooo wahara do start..
Kiki 8 years ago

Finally nothing good will comes from it

Finally nothing good will comes from it
joel prempeh 8 years ago

WAHALA DO START OOOOOOOOOO

WAHALA DO START OOOOOOOOOO
amoah 8 years ago

So Kennedy agyapong was Right.

So Kennedy agyapong was Right.
Think 8 years ago

Asem papa bi amate.
Nana you are good for GH

Asem papa bi amate.
Nana you are good for GH
T gh 8 years ago

KD remember the Vice President is a northerner and most of the MPs are northerners too ,the same northerners contributed to bring Nana Addo to power so learn to respect every tribe !

KD remember the Vice President is a northerner and most of the MPs are northerners too ,the same northerners contributed to bring Nana Addo to power so learn to respect every tribe !
ken 8 years ago

Your father. Mother and your family heard is rather stupid fools idiot which school did u attended

Your father. Mother and your family heard is rather stupid fools idiot which school did u attended
Kwaku Obeng 8 years ago

The Mahamas?

The Mahamas?
I'll be your aide, Otukonor. 8 years ago

No man hunting, Prez? And what then is this? Subjugating to Ken's vengeful whims? Who is the "Commander-in-Chief"? Shame!!!

No man hunting, Prez? And what then is this? Subjugating to Ken's vengeful whims? Who is the "Commander-in-Chief"? Shame!!!
Labuman inside ksi 8 years ago

Stop that stupid invitation being label by Kennedy Agyapong to the Eoco because of jeolocy on his part,

Stop that stupid invitation being label by Kennedy Agyapong to the Eoco because of jeolocy on his part,
Diawuo 8 years ago

Labuman you are stupid. If you were being fed by Ibrahim who cares. If he duped the state he should face the law. Nobody is jealous of him. Just taking advantage because his brother is President. Is Ghana for Mahama and NDC. ...
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Labuman you are stupid. If you were being fed by Ibrahim who cares. If he duped the state he should face the law. Nobody is jealous of him. Just taking advantage because his brother is President. Is Ghana for Mahama and NDC. If he is not a witch he will not be hunted
Allhassan Ibrahim 8 years ago

DE npp have terrible names like diawuo,delter force,Rambo force,invisible forces,Nana addo etc no wander all of them have evil mind against good people like MAHAMA family,fire burn them all

DE npp have terrible names like diawuo,delter force,Rambo force,invisible forces,Nana addo etc no wander all of them have evil mind against good people like MAHAMA family,fire burn them all
THE CRUSADER 8 years ago

Jealous who?a thief?

Jealous who?a thief?
KOfi 8 years ago

E & P started very well under president Kuffour but NDC's bad policies brought this company down, he sacked 2500 workers. Now can't pay GRA. Ibrahim has suffered under NDC and NPP will bring his company up.

E & P started very well under president Kuffour but NDC's bad policies brought this company down, he sacked 2500 workers. Now can't pay GRA. Ibrahim has suffered under NDC and NPP will bring his company up.
Ogyagyatah 8 years ago

President Nana Akufo Addo Need to be very careful with the way of leading Ghana

President Nana Akufo Addo Need to be very careful with the way of leading Ghana
Diawuo 8 years ago

This man was supposed to be Mr. Cash Mahama. Why then a dud cheque. So it was a way of evading duty at the port on clearing goods. What sort of arrangement with GRA. Because he was Mahama he had an arrangement to issue dud ch ...
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This man was supposed to be Mr. Cash Mahama. Why then a dud cheque. So it was a way of evading duty at the port on clearing goods. What sort of arrangement with GRA. Because he was Mahama he had an arrangement to issue dud cheques. But ordinary Ghanaians were not given a breather at the ports. You pay or you get your goods consfisicated. Just because he was the Presidents brother. He was going around duping Ghana. I agree with Ken. Such people should go to prison. He should not be treated with kids gloves. Period.
True talk 8 years ago

And Sam George is quite about what went on without making noise about what happened?when it is coming it is doing.

And Sam George is quite about what went on without making noise about what happened?when it is coming it is doing.
Kojo pon 8 years ago

NDC is dying. Onaapo

NDC is dying. Onaapo
Kofi 8 years ago

I urge EOCO not to plays games on this matter with this guy who is believed to have taken Ghanaians for granted and defrauded us. Take back every penny from him and if he deserves prison term, so be it. Ghana belongs to no si ...
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I urge EOCO not to plays games on this matter with this guy who is believed to have taken Ghanaians for granted and defrauded us. Take back every penny from him and if he deserves prison term, so be it. Ghana belongs to no single person. If Mahama thought that Ghana was his personal property and therefore he could just plays games it and allow his brother to toy with us then he must realise that the music is now playing and therefore he must dance to it
JORDAN 8 years ago

110 MINISTERS FOR GOD SAKE...At least Ibrahim own his compagnie and employ people with his money while Mr PRESIDENT employs friends and ignorants and horn blower of NPP on taxe payers money.Be wise fools and wake up,and stop ...
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110 MINISTERS FOR GOD SAKE...At least Ibrahim own his compagnie and employ people with his money while Mr PRESIDENT employs friends and ignorants and horn blower of NPP on taxe payers money.Be wise fools and wake up,and stop tribalistic support for a so far worst administration in the world(Nana ADO) follow by Trump administration.
Dessie 8 years ago

False journalism,reckless presumptous assumption and walking misinformation machines or carriers carries consumed minds of ghanaians

False journalism,reckless presumptous assumption and walking misinformation machines or carriers carries consumed minds of ghanaians
AZAA 8 years ago

Woyome also went through all this but what has come out, absolutely nothing. Total nonsense

Woyome also went through all this but what has come out, absolutely nothing. Total nonsense
Christable 8 years ago

Whoever said nana Ado.is foolish is the most idiot person have ever seen...come to states and issue bad cheques thinking you are the president 's brother and they will let you know no one is above the law....nkwaseasem aaaaak ...
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Whoever said nana Ado.is foolish is the most idiot person have ever seen...come to states and issue bad cheques thinking you are the president 's brother and they will let you know no one is above the law....nkwaseasem aaaaakwa...aponkyi m333
Leslie 8 years ago

Hmmm this npp people will kill as

Hmmm this npp people will kill as
AZAA 8 years ago

I want Kennedy Agyapong to do the interrogation to be chaired by Wontumi. A failed jealousy.

I want Kennedy Agyapong to do the interrogation to be chaired by Wontumi. A failed jealousy.
JOHN 8 years ago

KEN AGYAPONG WILL BE A SAD MAN IN THE END. IBRAHIM IS A CLEAN MAN. ITS A JEALOUSY

KEN AGYAPONG WILL BE A SAD MAN IN THE END. IBRAHIM IS A CLEAN MAN. ITS A JEALOUSY
A G C .syi 8 years ago

Mmmmm one day the Abogo boys will come to power. l get a dream

Mmmmm one day the Abogo boys will come to power. l get a dream
wise 8 years ago

Franklin osei respect ur self ok

Franklin osei respect ur self ok
Allhassan Ibrahim 8 years ago

npp should rather think of how to fulfill their campaign promises they made to the good people of Ghana,and stop those personal attacks.foolish people

npp should rather think of how to fulfill their campaign promises they made to the good people of Ghana,and stop those personal attacks.foolish people
Crying heart for JM 8 years ago

#KEN MUST BE SACK

#KEN MUST BE SACK
Stone 8 years ago

Hahahaha, all those insulting northerners are funny. They don't know their history. All Akans are descendants of northerns. A typical Akan man is short and black. They brought northners to slip with their women and change the ...
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Hahahaha, all those insulting northerners are funny. They don't know their history. All Akans are descendants of northerns. A typical Akan man is short and black. They brought northners to slip with their women and change their offsprings, now they have power to insult them, shaaaàme
kwabena 8 years ago

I am an Asante very short and black is anything wrong with that?

I am an Asante very short and black is anything wrong with that?
D DAY 8 years ago

SON OF LATE DAAVI TAMAKLOE AND NEPHEW OF Dr TAMAKLOE DISGUISED NPP CO-FOUNDER MOST DANGEROUS THIEVES TO DEAL WITH USE NAME MAHAMA AS COVER UP NOT FROM NORTH

SON OF LATE DAAVI TAMAKLOE AND NEPHEW OF Dr TAMAKLOE DISGUISED NPP CO-FOUNDER MOST DANGEROUS THIEVES TO DEAL WITH USE NAME MAHAMA AS COVER UP NOT FROM NORTH
Wofa Diasempa Holland 8 years ago

Let's help to build up Ghana after all we are heading towards one goal insults can't solve the problem of the nation, old age or young can't help unless comes together to build up Ghana.

Let's help to build up Ghana after all we are heading towards one goal insults can't solve the problem of the nation, old age or young can't help unless comes together to build up Ghana.
keni 8 years ago

Ibrahim was oblivious about poverty issues in his home town and rather went and bought a jet plane to fly in. What a contrast in his social responsibility for his hometown.

Ibrahim was oblivious about poverty issues in his home town and rather went and bought a jet plane to fly in. What a contrast in his social responsibility for his hometown.
TRUE PATRIOT 8 years ago

Des man and his brother as president duped dis country with impunity.
I understand he issued fake cheques anytime he cleared his goods from de port. Sadly, dey couldn't take him on bcos his brother was de presz. and so he w ...
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Des man and his brother as president duped dis country with impunity.
I understand he issued fake cheques anytime he cleared his goods from de port. Sadly, dey couldn't take him on bcos his brother was de presz. and so he was untouchable. Very very sad indeed
Gud news is dat God will expose all des evils des pple did
AA 8 years ago

Hmmmm...Ignorance they say is an illness! !!Who are those Akans insulting northerners? ???
Go ask your Akan grand parents and parents how they were able to metarmophosize from " Midgets" like the likes of Nana Addo to "Gian ...
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Hmmmm...Ignorance they say is an illness! !!Who are those Akans insulting northerners? ???
Go ask your Akan grand parents and parents how they were able to metarmophosize from " Midgets" like the likes of Nana Addo to "Giants" like the likes of Otumfou and Ex President Kuffour.
You Akans should be grateful to the Northerners for fucking your wivies, Sisters and Mothers.
Korrssiyaffour Akans learn your history well before you insult your paternal grandparents(northerners. )
Clairvoyant 8 years ago

A descendant of fools.
Shit carriers and watchmen.
They still look unkempt in their fugu.
Free education did not bring civilization to you.
Did you study biology in school ?
Stupid people who will slaughter their chief l ...
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A descendant of fools.
Shit carriers and watchmen.
They still look unkempt in their fugu.
Free education did not bring civilization to you.
Did you study biology in school ?
Stupid people who will slaughter their chief like a fowl and blame it on akans.
You people will wallow in ignorance and poverty till thy kingdom comes.
ex-cpl atia Naagode 8 years ago

This particular ibrahim mahama behaved ss uf the country was his bonafied property grabbing state property, land, natural resources and taxpayers money without fear but favour. This man must be dealt with drastically by the l ...
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This particular ibrahim mahama behaved ss uf the country was his bonafied property grabbing state property, land, natural resources and taxpayers money without fear but favour. This man must be dealt with drastically by the laws of the land.
daddy Turf 8 years ago

Don't mind KD .It's NDC propaganda strategic. They format the way to cause northner to hate the npp base on tribalism propaganda machinery.

Don't mind KD .It's NDC propaganda strategic. They format the way to cause northner to hate the npp base on tribalism propaganda machinery.
Ghanaba Pa 8 years ago

Yh, that's it. Propaganda. Pratt will insult Northerners using a pseudo identity just to infuriate northerners to descend on NPP and Akans. That is what is happening on this platform. Both NPP n NDC does this kind of dirty po ...
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Yh, that's it. Propaganda. Pratt will insult Northerners using a pseudo identity just to infuriate northerners to descend on NPP and Akans. That is what is happening on this platform. Both NPP n NDC does this kind of dirty politics but the NDC out weighs all.
Odeneho Bright 8 years ago

Fear not my brother, Ken will be designed himself like a dog

Fear not my brother, Ken will be designed himself like a dog
AMA TX USA 8 years ago

I always pity the foot soldiers who helped Mahama to win but forgot them nd enjoyed with his family nd friends still calling him to come to lead them again you all have short memory paapa

I always pity the foot soldiers who helped Mahama to win but forgot them nd enjoyed with his family nd friends still calling him to come to lead them again you all have short memory paapa
Odikro Mununkum 8 years ago

Let's allow the law to work for all but not only for a poor guy to be jailed 10 yrs for stealing a piece of cassava. How can fighting corruption be prevailed if the government refuse to investigate the richest to pay their ...
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Let's allow the law to work for all but not only for a poor guy to be jailed 10 yrs for stealing a piece of cassava. How can fighting corruption be prevailed if the government refuse to investigate the richest to pay their tax.
Nana will win 8 years ago

Did Ibrahim Mahama paid for the loan he took from Merchant bank before it was sold. Azaa Mahama and his family thought NDC will rule forever.

Did Ibrahim Mahama paid for the loan he took from Merchant bank before it was sold. Azaa Mahama and his family thought NDC will rule forever.
calistus 8 years ago

Though I don't support mahama's brothers action one must know that he is one of the few businessmen with the potential of becoming like dangote.The fact that he exploited his brother s position one must know that we , must no ...
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Though I don't support mahama's brothers action one must know that he is one of the few businessmen with the potential of becoming like dangote.The fact that he exploited his brother s position one must know that we , must not collapse his business.Make payment arrangements with him after which you can add a fine the get him good advisors so that he can grow big.once he grows the country will benefit.
The liar-bully-buffoon Ray Alan 8 years ago

Jay Ray Ram Alan and his investigative team of morons are liars, bullies and buffoons

Jay Ray Ram Alan and his investigative team of morons are liars, bullies and buffoons
frank 8 years ago

ken agyeipong is doing all these things but he should remember that npp will never be in power for ever

ken agyeipong is doing all these things but he should remember that npp will never be in power for ever
Skilelee 8 years ago

Mr. President please hurry up these ndc people are running out of the country.Audit each and everyone and seize their passport or else you won't get them to retrieve our state taxes money back and jail them they are very croo ...
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Mr. President please hurry up these ndc people are running out of the country.Audit each and everyone and seize their passport or else you won't get them to retrieve our state taxes money back and jail them they are very crooks is about time now seriously. We are all watching.
Amey 7 8 years ago

21st century boy, you are on point.. you hv spoken the bitter truth. When it's Mahama they applude but when Akufo Addo it's insulting the whatever. What is good for goose is equally good for the gender

21st century boy, you are on point.. you hv spoken the bitter truth. When it's Mahama they applude but when Akufo Addo it's insulting the whatever. What is good for goose is equally good for the gender
KOFI TAGOE 8 years ago

Government of Ghana is the worst culprit is issuing dud checks.

Government of Ghana is the worst culprit is issuing dud checks.

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Ibrahim Mahama asked to submit passport

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