Business News of Thursday, 4 April 2019Source: citinewsroom.comExxonmobil deal will cause Ghana financial loss – MinorityMinority Spokesperson for Finance, Cassiel Ato ForsonThe Minority in Parliament has raised concerns with Ghana’s agreement with oil giant, ExxonMobil, describing it as a bad precedent and a financial loss to the State. But the Minority Spokesperson for Finance, Cassiel Ato Forson, says the exemptions granted will deny the country the right revenues. “Whoever did that negotiation for Ghana has indeed caused financial loss to this country. Atuguba cautions Parliament over Ghana-ExxonMobil oil dealA Professor of Law at the University of Ghana Law Faculty, Raymond Atuguba, had earlier warned that Ghana could be shortchanged in the ExxonMobil Petroleum Agreement. Professor Raymond Atuguba raised this concern in a presentation christened, “The Ghana-ExxonMobil Petroleum Agreement, a legal and political economic analysis,” held in February 2019.

Source: GhanaWeb April 04, 2019 13:41 UTC