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News Review Tuesday, 24th October 24, 2017: Energy Bond bids Opens Today

Ameri Power deal saga is still matching ahead of the sector. On Tuesday, 24th October the sector captured some stories which is making headline on the news front.

The Accra based Myjoyonline reported “NPA in Lagos for Oil Trading and Logistics”. According to the news portal the annual OTL Africa downstream week is the continent’s leading business forum for unique insights on markets and emerging opportunities in addition to knowledge development, in downstream petroleum value chain is being attended by some sector players. Disclosing participants like the Deputy Minister of Energy Dr. Mohammed Amin Adam iChief Executive Officer of the National Petroleum Authority, Hassan Tampuli, as leaders of the delegation in Lagos.

Also Citifmonline reported the much awaited opening for the Energy is today. “Bids open for 6 billion cedi energy bond today”. Captured on the news portal of the media house, they indicated that after six months of leaving the industry on tenterhooks over the rising energy sector debts the energy bond has been opened. This is to allow interested individuals and institutions to bid for the bond to be used to clear the estimated 10 billion cedis debt.

Furthermore, “We gave Ghana Value for Money – AMERI” was also captured on the EIB network, Starrfmonline. They explained that AMERI Energy has said that it gave Ghana value for money in the 510 million-dollar power plants it supplied the country during the acute power crisis under former President John Mahama. AMERI, in a statement ahead of a scheduled meeting with the Energy Committee of Parliament, said even though they are confident of the integrity of their arrangement with Ghana, they admit the government has the right to reassess the deal. In other related stories, Business and Financial Times reported two different stories on the Ameri Power deal.

On Bftonline, the two headline which reads “US$510m AMERI power plants was good deal– AMERI Energy” and “Opportunity exist to engage AMERI” all explains a statement released by the company.

On state-owned news portal, GBCGhanaonline “Natural resource governance institute wants fiscal responsibility law fast tracked ”. This headline stressed on a call the resource expert made to Government. According to the news portal, the Natural Resource Governance Institute, (NRGI) has asked Government not to delay in promulgating the proposed fiscal responsibility law.

According to the Institute the proposed legislation presents a unique opportunity to reform Ghana’s public financial management and put measures in place to make the national budget more credible and ensure fiscal discipline.

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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.
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