News
Government of Ghana on course to pay Trafigura- Ministry of Finance
The Ministry of Finance has revealed that the country is on course to pay Trafigura contrary to reports circulating online.
In a statement issued on Tuesday, the ministry stated that “It has come to our attention that a letter received today, September 24, 2024 about our engagement with Trafigura is circulating in the media creating the impression of the government’s inaction on a yet to be executed Settlement Agreement.”
According to them as it may have been noticed, the said letter references on-going engagement on pathways towards setting the claims.
“The Ministry of Finance wishes to state that we have made the necessary arrangements to pay-off the outstanding claims agreed with Trafigura after several rounds of negotiations,” the Ministry revealed.
Against this backdrop, the Ministry added that “We are therefore surprised at the circulation of this letter on social media.”
The statement added that the Government of Ghana remains committed to honouring its obligations under the Settlement Agreement with Trafigura with the view to bring this matter to closure.
By Edem Mensah-Tsotorme
The Chairperson of the Public Accounts Committee (PAC) Abena Osei Asare has expressed concerns about the failure of the Administrator of the Ghana Education Trust Fund (GETFund) Mr. Paul Adjei to honour invitation of the Committee to assist in dealing with abandoned projects cited in the 2024 Auditor-General’s report.
She emphasised that some of the projects have been abandoned for more than 20 years and it kept reoccurring in the Auditor-General’s report yearly, stressing that the GETFund Administrator could assist by prioritising these projects.
However, he has failed to personally appear before the Committee since the commencement of the Committee’s public hearing in the 9th Parliament.
According to the 2024 Auditor-General’s report on Pre-University Educational Institutions, nine (9) Institutions with 16 projects awarded by the GET Fund Secretariat had been abandoned/delayed for a period ranging between three (3) and 28 years.
Some of the affected schools include Adanwomoase Senior High School (Boys and Girls dormitory abandoned for 12 years), Atoa Senior High School (Home Economics Block abandoned for 27 years), Beposo Senior High School (Dinning Hall and Kitchen Complex abandoned for 10 years and lastly KNUST Senior High School (Three storey classroom block abandoned for 20 years).
The Parliamentary Select Committee on Energy continued its oversight responsibilities with a working visit to the National Petroleum Authority (NPA) yesterday.
Chairman of the Committee, Emmanuel Kwasi Bedzrah, said the visit formed part of efforts to familiarize members with the Authority’s operations and to explore ways Parliament could provide the necessary support.
He explained that the NPA’s work is focused on regulating Ghana’s downstream petroleum sector, a critical area for national energy security.
Mr. Bedzrah noted that the Committee is particularly interested in assessing whether the country has adequate petroleum stock to meet demand.
He noted that rising geopolitical tensions, including the ongoing US–Iran conflict, could have adverse effect on Ghana’s energy supply and pricing.
He further disclosed that the Committee intends to engage closely with the Authority on a proposed new petroleum bill.
According to him, a draft of the legislation will be reviewed and possibly presented to Parliament under a certificate of urgency.
News1 week ago“We are working to transform the Kwahu Business Village into an international conference hub”
- News1 week ago
Kwahu Business Forum:My engagement with President Mahama has boosted my business — Lydia Forson
- News1 week ago
DeniiNoi Foundation Supports Taifa Polyclinic with Medical Equipment
