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Mines workers union call for assessment
of oil contracts
Accra, June 4, Ghanadot/GNA - The
Mines Workers Union (GMWU) of Trades Union Congress (TUC) on
Friday added its voice to call on government to re-assess
all oil contracts signed between Ghana and foreign
multinationals.
Mr Prince Ankrah, General Secretary of the union, said the
call made by former President Jerry Rawlings, had come at
the right time and therefore it must be taken seriously.
He said multinationals did not care to “milk” a nation since
they have the intentions to leave after extracting whatever
they wanted. They hop from one nation to the other, he
added.
The Ex-President was reported to have made the call about a
month ago to have urged the country to be wary of the
multinationals that were committing us into contracts that
could delay the benefits of oil resource for decades.
During this year’s ‘June 4th’ celebration, which was held at
Kasoa, the former President called for a thorough
re-assessment of all contracts signed with the international
oil companies and a complete disclosure of benefits to the
country.
Speaking to the Ghana News Agency in an interview, Mr Ankrah
said it was important to look into what went into contracts
and what exactly the country stood to gain or lose.
He added that what was happening in the oil sector, was not
so different from the situation in the mining industry
saying that in terms of royalties, mining companies were
paying three per cent instead of sx.
GNA
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