The US government has served notice to the government of Ghana that it is too late to renegotiate the Millennium Compact.
Senior Minister Yaw Osafo-Marfo announced during his vetting that the Akufo-Addo-led administration wants to take a second look at the Compact which was agreed with the previous National Democratic Congress government.
The Ghana Power Compact, also referred to as Compact II, entered into full force in September 2016. The treaty was signed on August 5, 2014 between the Republic of Ghana and the United States of America, represented by the Millennium Challenge Corporation (MCC).
Under the Power Compact, six projects namely ECG Financial and Operational Turnaround Project, NEDCo Financial and Operational Turnaround Project, Regulatory Strengthening and Capacity Building Project, Access Project, Power Generation Sector Improvement Project and Energy Efficiency and Demand Side Management Project, will be implemented to address the root causes of the unavailability and unreliability of power in Ghana.
The West African country has received the nod to access US$498 million grant under the Compact II.
Mr Osafo-Marfo said it would also be unthinkable for the government to pay off all debts of the Electricity Company of Ghana (ECG) – as demanded by the Millennium Compact Agreement – and allow an outsider or a foreign concern to come and take over the running of the company.
“It would not be fair for the government to pay off the total debt of ECG and allow an outsider to come and run such an important public company,” he said, stressing the government will go for renegotiation.
However, the US ambassador to Ghana Robert Jackson does not think it is feasible.
“It’s too late to renegotiate… we are certainly willing to talk about how it will be executed. I’m certain that the compact as it’s structured it’s great for Ghana,” he told Joy FM.
Source: starrfmonline.com
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
THAT IS WHAT YOU GET WHEN YOU VOTE FOR NDC INTO GOVT. THEY'RE JUST EV..IL. THEY HAVE NO HEART FOR GHANA AND WERE BENT ON DESTROYING GHANA TO ASHES. LETS PRAY HIS EXCELLENCY NANA ADDO AND HIS TEAM ARE ABLE TO GET AROUND THIS. THESE USA OFFICIALS THINK FIRST ABOUT THEIR COUNTRY AND NOT GHANA. LOOK AT THAT BULUBULU WHITEMAN SAYING SHI..T THAT WE CANNOT RENEGOTIATE. HE'S AN IDIO..T
Very simple solution for NPP Government.... Cancel the contract, pay ECG and get a good management team to manage ECG. The $498m should not be accessed. The USA can keep their money. This ambassador is an Obama appointee thats why he is talking this way. Wait for the Trump ambassador and he will talk differently.
AoooW NDC what have done to Ghana, paying ECG debt for somebody to come and work without any debt burden, just think about it, if you Mahama and your gov't has done us any good.God is watching your generation and what he is planning for you guys and your family. Rawlings thought he is got off the hook of God. He came to power killing people with the excuse of house cleaning and kill innocent people and, after formed this party NDC and has since not lived to their own principles. Vengeance for the LORD
Tell the Robert Jackson that it is about Ghana first.
This is one of the most ***barred word*** answer I have ever heard an ***barred word*** given to sovereign country like Ghana, if indeed such answer was actually given. President Trump, cancelled program which was fully and work for the people of America, under his estimation such program is not good, he used his executive power to cancelled such program, where was that ***barred word*** for not telling Trump to stop cancelling such program.
I'M NOT SURE GHANA CAN TELL AMERICA WHAT'S GOOD FOR THEM. I DON'T SEE WHY THE AMERICAN AMBASSADOR TO GHANA WILL TELL US THE SO- CALLED COMPACT II IS GOOD FOR GHANA. WE JUST DON'T LIKE THE WAY THIS SO-CALLED SUPER POWER TELL US WHAT OS GOOD FOR US. ALWAYS FINDING WAYS TO KEEP US ENSLAVED INDIRECTORILY. CUT THE CRAB AND COME BACK TO THE NEGOTISTION TABLE. WE MAY BE POOR BUT SENSIBLE.
Simply,cancel the compact,keep our Ecg
Robert Jackson,Ghana doesnt like that contract.That's why we voted THE 'ROBBERS' N 'LOOTERS' out. We dont like it. Better advice your govt now. Your Trump is bent on changing the things he think is not right to his vision. Ghanaians wants to right the 'wrongs' that has been 'imposed' upon us 'democratically',which your 'types' hyped, was the bane of our influx to your America. Or were you just 'luring' us into 'democracy' to 'loot' us.
America first attitude
THEY CAN KEEP THEIR MONEY WHILE WE KEEP OUR ECG AND OTHERS...