Andrew Egyapa Mercer Archives

31 May

Ghana Completes Phase Two Of Nuclear Power Infrastructure Development – Dep. Minister

wontumionlineBusinessAndrew Egyapa Mercer

Deputy Energy Minister, Andrew Egyapa Mercer, has disclosed that Ghana has completed the second phase of the Nuclear Power Project which is aimed at achieving a zero-carbon energy status and building climate resilience for the country. He explained that the second phase of the project entails the approval of a site for the establishment of Ghana’s first nuclear power facility. Speaking during a symposium held on nuclear power infrastructure development, the deputy minister underscored the importance of the nuclear power project and its benefits to industrial and economic growth. “We have currently received approval for the acquisition of our preferred and…

17 Feb

Nothing Mysterious About Middlemen In Gold For Oil Programme – Egyapa Mercer

wontumionlineNewsAndrew Egyapa Mercer, Gold for Oil policy

Deputy Energy Minister, Andrew Egyapa Mercer, says there is nothing wrong with the Bank of Ghana hiring the services of a ‘middleman’ to help broker deals in the Gold for Oil policy. He was reacting to recent reports that suggested that the government had entered into shady and opaque deals with middlemen to facilitate the procurement of FX for the Gold for Oil policy. Responding to the allegations, Egyapa Mercer stated that indeed he is aware of the existence of ‘middlemen’ or brokers in the ongoing programme but is adamant that there is nothing shady going on. “There’s no middleman…

17 Feb

Government Has No Intention To Takeover Petroleum Market – Egyapa Mercer

wontumionlineBusinessAndrew Egyapa Mercer, Gold For Oil

Deputy Energy Minister, Andrew Egyapa Mercer, says government has no intention to takeover the petroleum market through its Gold for Oil programme. According to him, concerns that the government through the Gold for Oil programme will increase its market share thus driving out private competitors are unfounded. He stated that such a move is in contrast to the capitalist orientation of the ruling New Patriotic Party, and thus will never happen. “I don’t think so at all…there’s a 100% market. Government already plays through some state owned entities, play in the region of 40 -50% and that hasn’t changed. It’s…

17 Feb

Gold For Oil Policy Does Not Need Parliamentary Approval – Egyapa Mercer

wontumionlineBusinessAndrew Egyapa Mercer, Gold For Oil

Deputy Energy Minister, Andrew Egyapa Mercer, says the government’s Gold for Oil policy does not need to be submitted to parliament for approval. According to him, the programme was instituted within the mandates of the Bank of Ghana and thus does not fall within the purview of parliament. Arguing his point out on JoyNews’ PM Express Business Edition, he said, “On even the import side, BOST, before the commencement of this programme [Gold for Oil], if you like, imports petroleum products as part of their operations, do they take it to parliament for approval? “So if Bank of Ghana is…