It has come to light that the Ghana National Gas Company Limited is preparing to engage in a questionable and opaque arrangement with The Gas Gathering Company Limited (TGGL), a company hastily incorporated on March 15, 2022, to oversee the construction of the Atuabo Gas Processing Plant Train 2 (GPP2).
This $812 million project, set under a Build, Co-own, Cooperate, and Transfer (BCCT) agreement, is shrouded in concerns about transparency and accountability, especially given the glaring avoidance of parliamentary scrutiny.
Most troubling is the structure of the Special Purpose Vehicle (SPV), TGGL, which reveals an alarming level of influence from President Nana Addo Dankwa Akufo-Addo’s family. The SPV includes Axxela Ghana Limited (300,000 shares), Jonmoore International Ltd (25,000 shares), and The Intels Group (175,000 shares)—the President’s family company.
This shift from an original consortium to an SPV appears to have been a calculated move to secure the approval of the Public Procurement Authority (PPA) under a Restricted Tendering Method, further raising concerns about undue political manipulation.
It is particularly alarming that Integrated Logistics Bureau Limited (The Intels Group), which lacks any financial or technical track record in the oil and gas industry, was smuggled into this arrangement. The company's only previous involvement in this sector stems from a sole-sourced contract at Ghana Gas’ Takoradi Distribution Station in Aboadze—an endeavor that remains unfinished. The inclusion of this company, whose CEO is believed to be related to the President’s Executive Secretary, raises serious red flags about nepotism, corruption, and an abuse of executive power.
Furthermore, the timing of this shady deal could not be worse. With national elections only two months away, this contract reeks of political maneuvering and exploitation. The people of Ghana are entitled to transparent governance and the responsible use of public funds, not last-minute financial schemes that seem designed to enrich the President’s inner circle at the expense of national development. This deal casts a shadow over the upcoming elections and could severely damage public trust in the integrity of Ghana’s democratic process.
This is not merely a political and an ethical issue; it also borders on illegality. The Ghanaian public deserves full disclosure, parliamentary oversight, and an end to backdoor deals that threaten to undermine both the economy and the principles of democracy.
As the election approaches, Ghanaians must demand accountability and reject any attempt to use state resources for personal or political gain. We call on all stakeholders to halt this deal immediately and subject it to proper legal and parliamentary scrutiny. Let us ensure that Ghana's future is not mortgaged by the actions of a few, but secured for the benefit of all.
****
Author, Edward Bawa is a Member of Parliament for Bongo and co-spokesperson on NDC manifesto on energy.
Latest Stories
-
GJA holds Emergency General Meeting on Friday
6 mins -
Sudan army launches major attack on capital Khartoum
19 mins -
John Jinapor alleges fuel procurement disputes forced ECG MD’s resignation
52 mins -
We don’t have the kind of peace we desire in Ghana – Togbe Afede
1 hour -
Choose leaders who respect your views, are honest and accountable – Domelevo to Ghanaians
1 hour -
GBA and the Department of Gender take community outreach to Volta region
2 hours -
Amnesty International Ghana criticises handling of Democracy Hub protesters
2 hours -
WAEC highlights exam malpractices after successfully conducting 2024 WASSCE
2 hours -
Fisheries Ministry launches support initiative for inland fishers, promotes solar-powered motors for sustainability
2 hours -
Galamsey: Ewusiejoe residents at risk as they rely on chemicals to purify polluted water
2 hours -
NDC, stakeholders insist on forensic audit of voter’s register
2 hours -
Diddy’s Lawyer explains why rapper allegedly had multiple bottles of baby oil
3 hours -
ECG appoints David Boadi Asamoah as acting Managing Director
4 hours -
Swooning to the Beat: Why Mensa’s ‘Time of Your Life’ is more than just a song
4 hours -
Pusiga District officer’s appointment terminated over unauthorized voter transfers – EC
5 hours