Ghana Energy Minister Fired Due to Power Deal, Says Presidency
- Boakye Agyarko renegotiated $510 milion private Ameri deal
- New transaction seen more costly than deal concluded in 2015
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Ghana President Nana Akufo-Addo fired the country’s energy minister due to proposals for a renegotiation of a $510 million private power deal with Africa Middle East Resources Investment Ltd.
Akufo-Addo dismissed Energy Minister Boakye Agyarko on Monday and appointed Land and Natural Resources Minister John Peter Amewu to oversee the ministry in an acting capacity, according to a statement issued by the presidency. Agyarko’s dismissal was related to the amendment of a deal with Ameri, Eugene Arhin, a spokesman for the presidency, said Tuesday in a broadcast on Accra-based Joy FM.