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Akufo-Addo approves new AMERI deal

President Nana Addo Dankwa Akufo-Addo has approved the new AMERI deal pending parliamentary approval.

A statement signed by Secretary to the president, Nana Asante Bediatuo, dated 25 July 2018, stated that: “The President of the Republic of Ghana has granted executive approval for the Novation and Amendment Agreement dated July 20, 2018 between (i) the Government of the Republic of Ghana represented by the Minister of Energy (or his authorised representative), (ii) Volta River Authority (VRA), (iii) Africa and Middle East Resource Investment Group (AMERI ENERGY), (iv) Ameri Energy Power Equipment Trading LLC (AMERI EQUIPMENT), (v) Power Projects SanayiInsaatTicanet Limited Sirketi (PPR), and (vi) Mytilineos International Trading Company AG (Mytilineos), for operations and maintenance of the existing 250MW AMERI Thermal Plant at Aboadzi, for a period of 15 years.”

The New Patriotic Party (NPP) administration recently began taking steps to amend portions of the controversial $510 million deal signed by the John Mahama administration.

The current government believes that there was no value-for-money in the deal signed by the NDC administration, hence the renegotiations.

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