Sankofa Gas Pipeline project expensive in the whole world — Minister Claims

A Deputy Minister of Energy, Andrew Egyapa Mercer, claims the cost of the Sankofa Gas project is the most expensive gas pipeline in the world.

“Sankofa is very expensive. It is the most expensive pipeline in the whole world. We have paid 10 for Sankofa, the data will speak for itself,” he argued on Metro TV, justifying the energy sector payment made by the government, as stated in the 2024 Budget Statement presented by the Minister of Finance, Ken Ofori-Atta.

Hon. Egyapa Mercer further supported his claims with better and further particulars.

Reacting to Mercer’s statement, John Jinapor, who was also on the program with him, expressed both amusement and shock at the claims by his colleague.

“The Sankofa is 6.14, from PURC, the weighted average cost of gas. You take them individually, and you come to the weighted average price. They are saying that the individual one, Sankofa 6.1408, Jubilee 0. KEN 0.5 average price. So when you put them together, you have the weighted average. The current weight price is 6.079 which is less than what he quoted. When you put all the fields together that point to 6.079 not 10,” he said.

Source: Kapital Online Team//2023