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News Review for Tuesday 31st October – Abrogating AMERI deal an option: Agyarko

Today marks the last day in October. However, the Oil and gas Sector recorded some headlines stories which generated discussions.

The Accra-based Classfmonline reported “Abrogating AMERI deal an option: Agyarko”. According to the news portal, the energy minister, Boakye Agyarko, believes the country did not do enough due diligence before signing the controversial $510million Africa and Middle East Resources Investment Group’s (AMERI) power deal. He told the Mines and Energy Committee investigating the motion for rescission of the deal on Tuesday, October 31 that the Ministry will conduct financial analysis and decide on the decision which could include abrogation

It also disclosed “Energy bond sale extended”. This it further explained that Bids for an inaugural 6 billion cedi ($1.36 bln) energy bond being issued by Ghana will close on Friday, a day later than scheduled, due to high investor interest, transaction arrangers said on Thursday.

The award winning online news portal, Citifmonline has also disclosed that “OMCs want tax payment date extended”. They explained that Oil Marketing Companies (OMCs) are appealing for an extension of the payment date of some taxes. The OMCs contend that the current twenty-one day period for payment of taxes such as the Special Petroleum Tax, is adversely impacting their operations. ‘

Furthermore, the state-owned Graphic newspaper also reported  Energy Sector Bond yields GH 3.4 Billion.

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Jacqueline Parditey

Jacqueline is a graduate with a Degree in Communication Studies from the Ghana Institute of Journalism (GIJ). She is a Project Associate currently working with the Oil, Gas and Mining projects team at Penplusbytes.
Profile photo of Jacqueline Parditey

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