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Gov’t deal with Exxon Mobil unlawful

Co-Chair of the Extractive Industries and Transparency Initiative, Dr. Steve Manteaw, has accused the government circumventing the law by signing an oil exploration deal with Exxon Mobil.

Dr. Manteaw had raised concerns earlier over government’s failure to resort to an open bidding process to select Exxon Mobil despite the Energy Minister, Boakye Agarko, explaining that negotiations began before the law was passed.

Civil society actors are expressing alarm at the sweeping tax breaks the government of Ghana has granted the oil major, including a ten-year tax holiday which sets aside the five years allowed by the Petroleum Income Tax Act law.

Jan. 20, 2018

References:

• http://citifmonline.com/2018/01/20/govt-deal-with-exxon-mobil-unlawful-steve-manteaw/
• http://citifmonline.com/2018/02/13/atuguba-cautions-parliament-over-ghana-exxonmobil-oil-deal/
• https://citifmonline.com/2018/01/15/analysts-demand-clarity-exxonmobil-agreement/
• https://thebftonline.com/2018/business/govt-sets-aside-petroleum-law-for-exxonmobil-sweeping-tax-breaks-litter-contract/
• https://www.myjoyonline.com/business/2018/January-16th/govt-gives-details-on-petroleum-agreement-with-exxonmobil.php
• https://www.kaieteurnewsonline.com/2018/02/20/ghana-signed-a-bad-deal-with-exxonmobil/
• https://www.kaieteurnewsonline.com/2018/02/20/ghana-signed-a-bad-deal-with-exxonmobil/