Government says Policy Think Tank, IMANI goofed when it sought to question portions of the contractual agreement between the Government of Ghana and Aker Energy.
IMANI at a news conference on Thursday (April 25), challenged what it says are acts of omissions on the part of Government in respect of the plan of development submitted by Aker Energy and on behalf of all the contracting parties in the Petroleum Agreement covering the Deep Water Tano/Cape Three Points contract area.
But Energy Minister, John Peter Amewu, at a news briefing in Accra described the claims by IMANI as false.
He said IMANI misinformed Ghanaians when it said Ghana stands to lose 30 billion dollars if it fails to renegotiate a new petroleum agreement.
The Energy Minister, said there is no basis for a new petroleum agreement as claimed by IMANI, because the current agreement will enhance Ghana’s rate of oil recovery from 25 percent to 40 percent.
Mr Amewu also raised concerns why the former GNPC administration failed to obtain the 10 percent commercial interest in the contract, despite making provision for it in its 2015 and 2016 budget.