By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Cocoa farmers who sell their farmland risk arrest – Concerned Farmers Association President
    February 10, 2026
    Police arrest 13 suspected prostitutes, landlord and bouncer in Koforidua
    February 10, 2026
    Concerned farmers warn against political exploitation of forestry and cocoa sectors
    February 10, 2026
    Judge commends Dr. Srem-Sai, Martin Kpebu for corporation in Bawku Chieftaincy case
    February 10, 2026
    Concerned Farmers Association accuses police of shielding illegal loggers
    February 10, 2026
  • Business
    BusinessShow More
    Presidency terminates Zoomlion’s contract over concerns of impropriety and inflated billing
    Mahama calls emergency cabinet meeting on Feb 11 to address cocoa sector crisis
    February 10, 2026
    Ghana to host Fugu, Kente trade exhibition in Zambia in March
    February 10, 2026
    African businesses should view displacement as an economic opportunity – Isaac Fokuo
    February 6, 2026
    3.8% inflation does not reflect reality at market – Tema Central MP slams gov’t
    February 6, 2026
    Ghana, Zambia are “twins of the same mother” facing similar economic challenges – Mahama
    February 6, 2026
  • Politics
    PoliticsShow More
    Concerned farmers warn against political exploitation of forestry and cocoa sectors
    February 10, 2026
    Your mission must align with Ghana’s development priorities – Mahama to new envoys
    February 10, 2026
    Mahama charges new envoys to drive jobs, growth, and opportunities for Ghanaians
    February 10, 2026
    Baba Jamal appears before NDC investigative committee, denies vote-buying allegations
    February 10, 2026
    NDC
    NDC investigative committee to submit report on Ayawaso East vote buying today
    February 10, 2026
  • Entertainment
    EntertainmentShow More
    MEAK: From Quiet Beginnings to a Defining New Era with “Far Away”
    February 9, 2026
    REVEALED The New Era premieres Ethiopia Series with official screening in Accra
    February 9, 2026
    GHOne TV’s Duvet wins TV Development Program of the Year at 15th GoldBond RTP Awards
    February 9, 2026
    Serwaa Amihere wins TV Female Presenter of the Year at 15th GoldBond RTP Awards
    February 8, 2026
    Lily Mohammed
    Lily Mohammed wins TV Female Newscaster of the Year at 15th GoldBond RTP Awards
    February 8, 2026
  • Sports
    SportsShow More
    Karim Zito leaves Kotoko after FA Cup exit
    February 10, 2026
    Ghanaian Players Abroad: Osman, Issahaku, Königsdörffer on target for their clubs
    February 10, 2026
    MTN FA Cup: Aduana FC shock kotoko on penalties
    February 9, 2026
    Black Princesses held to 2–2 draw by South Africa in thrilling U-20 World Cup qualifier
    February 8, 2026
    Otto Addo gets new technical team members ahead of 2026 World Cup
    February 7, 2026
  • Technology
    TechnologyShow More
    Ghana, Zambia to partner on fintech and cybersecurity as AI fake news rises
    February 7, 2026
    GSTS and STEMQUEST: How an Alumni-Led Extracurricular Initiative is Redefining Technical Education in Ghana
    February 4, 2026
    IShowSpeed’s energy is on another level; he has to entertain followers nonstop – Wode Maya
    January 30, 2026
    A new layer of privacy five years in the making
    January 29, 2026
    APRIL STEM rejects STEAM model, says arts is already science as SMET is the future of innovation
    January 11, 2026
  • International
    InternationalShow More
    Mahama charges new envoys to drive jobs, growth, and opportunities for Ghanaians
    February 10, 2026
    Ghana to host Fugu, Kente trade exhibition in Zambia in March
    February 10, 2026
    Ghanaian Players Abroad: Osman, Issahaku, Königsdörffer on target for their clubs
    February 10, 2026
    Ghana, Zambia to partner on fintech and cybersecurity as AI fake news rises
    February 7, 2026
    Over 100 million people displaced, globally, young Africans most affected – Isaac Kwaku Fokuo
    February 6, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: AMERI deal: Don’t blame Akufo-Addo for being misled – McDan CEO
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
HeadlinesPolitics

AMERI deal: Don’t blame Akufo-Addo for being misled – McDan CEO

Starrfm.com.gh By Starrfm.com.gh Published August 9, 2018
Share
SHARE

The Executive Chairman of the McDan Group, Dr Daniel McKorley has backed claims that President Akufo-Addo was misled into granting executive approval to the controversial novation and amendment AMERI agreement.

The novation and amendment agreement, seeking to buy out the $510million deal Ameri Energy has with the government and be handed over to a third party Mytilineos for 15 years received approval from President Akufo-Addo by way of an Executive Order on July 31 after parliament refused to ratify it.

The joint committee on Finance and Energy of Parliament rejected the new deal because it had no signatures from the Attorney General and Finance minister.

Under the new agreement, the new company, Mytilineos International Trading Company, will take over the management of the AMERI power plant for 15 years.

The new company has offered to pay AMERI an amount of $52,160,560, with the government paying the remaining $39 million to the Dubai-based AMERI Energy to wash its hands off the deal entirely.

However, it emerged that President Akufo-Addo was misled by his Energy Minister Boakye Agyarko into approving the new agreement, which has been described by the Minority in Parliament and other energy think tanks including African Centre for Energy Policy (ACEP) as “stinky” and “rip-off.”

Mr Agyarko has since been sacked from and the novation and amendment Ameri agreement cancelled.

Speaking Wednesday on Starr Chat, Dr McKorley stated that the backlash the presidency suffered when it emerged President Akufo-Addo was misled into giving the executive approval prepositions the deal was unnecessary.

“He is the president. If you are a Chief Executive you would understand what it takes to make that pronouncement. A lot of people might wrong him but with me looking at my position, I believe in my lieutenants. So if my lieutenant comes to me and said I went through it [and] this is what it is, I believe you,” Dr McKorley told Starr Chat host Bola Ray.

Asked so if he believed the President did nothing wrong in the controversies surrounding the suspended agreement, he replied, “The President did the right thing.”

Source: Ghana/Starrfmonline.com/103.5FM

You Might Also Like

Cocoa farmers who sell their farmland risk arrest – Concerned Farmers Association President

Police arrest 13 suspected prostitutes, landlord and bouncer in Koforidua

Concerned farmers warn against political exploitation of forestry and cocoa sectors

Judge commends Dr. Srem-Sai, Martin Kpebu for corporation in Bawku Chieftaincy case

Concerned Farmers Association accuses police of shielding illegal loggers

TAGGED:AmeriMcKorley
Share This Article
Facebook Twitter Email Print
Share
Previous Article Assault Police officer granted GHc60k bail
Next Article Dr. Ernest Addison | BoG Governor Bank scandal: Prosecute directors – Christian Council

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?