27.3 C
Accra
Friday, July 5, 2024
BusinessWe're sticking to 5-year BOOT deal AMERI to government

Date:

We’re sticking to 5-year BOOT deal AMERI to government

spot_img

Dubai-based AMERI Energy has said in a letter dated 31 July 2018 that it is committed to the five-year Build, Own, Operate & Transfer (BOOT) deal it signed with the previous Ghanaian administration and denied knowledge of a renegotiated deal with the current government of Ghana.

This comes on the back of an alleged renegotiated deal under which AMERI would be bought out per the Novation and Amendment Agreement with the government of Ghana, and handed over to Mytilineos International Trading Company for 15 years.

- Advertisement -

Per that deal, Mytilineos offered to pay AMERI off with $52,160,560, while the government of Ghana would have topped it up with $39 million.

Read: AMERI deal: Resign if you were misled Namoale to Akufo-Addo

- Advertisement -

The deal was, however, cancelled by President Nana Akufo-Addo, even though he had earlier approved it through an Executive Order, while it pended parliamentary nod.

In a letter sighted by ClassFMonline.com, AMERI, however, said: “As you are fully aware, we have never been involved with your ministry in any kind of negotiations or discussions related to this Novation and Amendment agreement.

- Advertisement -

“Moreover, also never had insight of any commercial discussion between you and the new party, therefore, could not have verified that the above permissions were not obtained at the time of presentation before parliament.

“In view of the ongoing circumstance, the management of AMERI energy has taken notice of this and would like to inform you that we shall not be deemed associated with the Novation and Amendment agreement and will only remain committed to our original BOOT agreement signed on 20th of February 2015.

“Upon the completion of our five-year term, your ministry can freely decide to handover the project to any third party at a commercial arrangement you may deem right.”

Read: Akufo-Addo approves new AMERI deal

AMERI also implored the government of Ghana to pay a defaulted amount of $82, 660, 560.00, warning that failure to defray the debt could spark legal action on their side.

Source: classfmonline.com

Latest stories

Uncle Ebo Whyte’s new play ‘Takeover’ shows at National Theatre today

Renowned Ghanaian playwright Uncle Ebo Whyte is set to...

I was expecting a female as Bawumia’s running mate – Naa Torshie

Former Deputy Minister of Foreign Affairs, Irene Naa Torshie...

I’ve never dated since my break up in 2008 – Nigeria’s Folarin Falana

Folarin Falana, better known by his stage name 'FalzTheBhadGuy,'...

Folarin Falana has been single for the past 15 years

Folarin Falana, widely known as 'FalzTheBhadGuy,' has revealed that...

Ghana recorded 610 cases of missing persons from 2021-2023 – Report

A recent report by a non-profit organization, Missing Ghana,...

GHS to deliver 500K COVID-19 vaccine doses to adults aged 18 and above

The Ghana Health Service (GHS) has initiated a nationwide...

Related stories

World Bank supports COCOBOD’s cocoa rehabilitation with $100m

The Ghana Cocoa Board (COCOBOD) has successfully obtained a...

GIPC CEO justifies decision to scrap capital requirements for foreign businesses

Chief Executive of the Ghana Investment Promotion Centre (GIPC),Yofi...

Labour Bank: TUC to set-up bank to support its members

Trade Union Congress (TUC) has announced its intention to...

Implement sustainable revenue measures to restore macroeconomic stability – Gov’t told

Policymakers and academics have emphasized the urgent need for...

Ghana’s exports to EU countries surged 200 million euros in 2023

Ghana's trade with the European Union (EU) showed promising...

The term of BoG Governor must overlap that of the President to ensure continuity – IEA

The Institute of Economic Affairs (IEA) is urging substantial...

Ghana is rapidly leading in adoption of cryptocurrency – Report

The largest cryptocurrency exchange platform globally, Binance, published findings...