According to the Ghana National Gas Company Limited, there is no truth to rumors that its CEO is being forced to sign a questionable US$182 million Ghana Gas Phase 2 deal.
According to the company, a competitive tendering process was used to secure the contract, which calls for the expansion of its facilities to enhance the “gathering, processing, transporting and marketing of natural gas resources in Ghana and internationally.”
A statement signed by Ernest Kofi Owusu and Bempah Bonsu was released on Wednesday, May 15, 2024, stating that the selection procedure had “strict adherence to Act 663 of the Public Procurement Act, 2003, as amended, and all pertinent authorizations have been secured.”
In fact, after Ghana Gas’s Board of Directors approved the project’s start in 2021, management applied to the Public Procurement Authority (PPA) for permission to use the Restricted Tender procurement method in accordance with Section 38(a) of Act 663 as amended for the EPCC and project financing.
Four (4) firms submitted tenders in accordance with the Restricted Tender Procurement method. The Entity Tender Committee evaluated the firms’ technical and financial bids, and the selected tenderer was awarded the contract after receiving concurrent approval from the Ministry of Finance’s Central Tender Review Committee (CTRC).
The company’s complete statement is available below.
The Daily Post newspaper published an article on Monday, May 6, 2024, while the Ghanaweb news portal published an article on Tuesday, May 7, 2024. The Ghana National Gas Company Limited has also learned of other news media commentary regarding the caption above.
The organization would want to clarify that there has never been an incident of the like that the media outlets in issue are reporting.
Without a doubt, Ghana Gas denounces these false reports about the contract awarding for the Engineering, Procurement, Construction, Commissioning (EPCC) and finance of the project, which is formally known as the Gas Processing Plant Train 2 (GPP2 project) of Ghana Gas.
In order to meet the growing demand for gas for power generation and industrial use, Ghana Gas, a company that owns and operates the infrastructure needed for the collection, processing, transporting, and marketing of natural gas resources in Ghana and abroad, started this infrastructure expansion project to process incremental gas flows from the Upstream Partners. Ghana Gas wishes to clarify that, in contrast to the allegations made in the Daily Post publication, the entire process has been shrouded in opacity and corruption. We have adhered strictly to Act 663 of the Public Procurement Act, 2003, as amended, and we are the proud recipient of the contract for the GPP 2 project, which was awarded to the selected tenderer after a rigorous tender process.
In fact, management applied to the Public Procurement Authority (PPA) for permission to adopt the Restricted Tender procurement method under Section 38(a) of Act 663 as amended for the EPCC and financing of the GPP2 project, following the Board of Directors of Ghana Gas’s approval in 2021 to begin the project.
Four (4) firms submitted tenders in accordance with the Restricted Tender Procurement method. The Entity Tender Committee evaluated the firms’ technical and financial bids, and the selected tenderer was awarded the contract after receiving concurrent approval from the Ministry of Finance’s Central Tender Review Committee (CTRC).
As a result, a Project Implementation Agreement outlining the terms and conditions for the EPCC and project funding has been signed by Ghana Gas and the chosen tenderer.
In order to carry out the project, the chosen tenderer established a special purpose vehicle (SPV), and Ghana Gas is presently negotiating with the SPV to execute the necessary agreements for the project’s implementation.
We would want to clarify that, contrary to what the Daily Post article claims, the CEO is not under any external pressure to carry out the agreements. We thus implore all well-meaning Ghanaians to ignore this deceptive article.
In order to protect the reputations of innocent people and organizations, we advise the media to use caution when reporting, double-checking information, and verifying facts.
Ghana Gas is dedicated to maintaining the greatest moral standards in all business dealings, and we would value accurate and responsible reporting.
