After failing to sell the seven per cent (7%) of Ghana’s oil shares held by Jubilee Oil Holdings Limited (JOHL) to Petro SA of South Africa, the Akufo-Addo government is at it again.
This time, the Finance Minister is attempting to forward-sell our future oil lifting due from JOHL to LITASCO (a private company) under very opaque and clandestine processes.
For a government that has over-borrowed its way into a state of bankruptcy, the least this government can do is to refrain from further reckless borrowing.
This attempt to mortgage the nations future oil receipts is highly reprehensible, and all steps must be taken to pull the breaks on this government from their insatiable desire at borrowing at the least opportunity.
The shares held by JOHL must be transferred to GNPC without further delay.
HON. JOHN ABDULAI JINAPOR, MP
RANKING MEMBER,
MINES AND ENERGY COMMITTEE
Source:Mybrytfmonline.com
