Comprehensive list of all the companies owned by Ibrahim Mahama

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mickeon 7 years ago

yen.com u are not serious at all

yen.com u are not serious at all
ATSUKUOR TEI-WAYO aka Kofi Ayigbe 7 years ago

SO A COMPUTER DEALER IN MAMOBI IS RICH BECAUSE HE DEALS IN MICROSOFT SOFTWARE, OWNED BY BILL GATES, THE WEALTHIEST PERSON IN THE WORLD?

SO A COMPUTER DEALER IN MAMOBI IS RICH BECAUSE HE DEALS IN MICROSOFT SOFTWARE, OWNED BY BILL GATES, THE WEALTHIEST PERSON IN THE WORLD?
Cantona 7 years ago

Soli journalists at work

Soli journalists at work
AGBESI KWESI 7 years ago

Gilbert Iddi is a Gonja, Ibrahim Adams is a Gonja, John Mahama is a Gonja, Ibrahim Mahama is a Gonja, Selasie Ibrahim is married to a Gonja, Lordina Mahama is married to a Gonja, etc. What about Baba Kamara? What do these peo ...
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Gilbert Iddi is a Gonja, Ibrahim Adams is a Gonja, John Mahama is a Gonja, Ibrahim Mahama is a Gonja, Selasie Ibrahim is married to a Gonja, Lordina Mahama is married to a Gonja, etc. What about Baba Kamara? What do these people have in common? Your guess is as good as mine - they all love stealing with passion.
Adjah 7 years ago

It is more about what was done with companies in in terms of Ghana contracts in the last 8 years.

It is more about what was done with companies in in terms of Ghana contracts in the last 8 years.
DR TRUTH 7 years ago

THIS IBRAHIM GUY BORROWED $25 MILLION DOLLARS FROM GHANA MERCHANT BANK, REFUSED TO PAYBACK LEADING TO THE COLLAPSE OF THE STATE BANK AFTER WHICH HIS BROTHER THE THE VICE PRESIDENT MAHAMA WHO WAS THE HEAD OF ECONOMIC TEAM SOLD ...
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THIS IBRAHIM GUY BORROWED $25 MILLION DOLLARS FROM GHANA MERCHANT BANK, REFUSED TO PAYBACK LEADING TO THE COLLAPSE OF THE STATE BANK AFTER WHICH HIS BROTHER THE THE VICE PRESIDENT MAHAMA WHO WAS THE HEAD OF ECONOMIC TEAM SOLD THE BANK OFF AND WROTE OFF THE LOAN
Zagarolo 7 years ago

What of Kuffour Brother.A sheer jealousy

What of Kuffour Brother.A sheer jealousy
KD 7 years ago

He did not do any work to own all these companies

He did not do any work to own all these companies
HolyGhost 7 years ago

Go to hell, he own the companies before ndc came to power.

Go to hell, he own the companies before ndc came to power.
sam 7 years ago

IS 100% CORRECT THAT HE OWNS THESE COMPANIES BEFORE NDC CAME TO POWER. NO GHANAIAN DISPROVES THIS FACT. BUT THE ISSUE HERE IS THAT HE STARTED MANIPULATING THE SYSTEM WHEN HIS BROTHER BECAME PRESIDENT. JUST IMAGINE HOW A MULTI ...
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IS 100% CORRECT THAT HE OWNS THESE COMPANIES BEFORE NDC CAME TO POWER. NO GHANAIAN DISPROVES THIS FACT. BUT THE ISSUE HERE IS THAT HE STARTED MANIPULATING THE SYSTEM WHEN HIS BROTHER BECAME PRESIDENT. JUST IMAGINE HOW A MULTI MILLIONAIRE WILL ISSUE SUCH A CHICKEN DUD CHECKS IF NOT HIS POLITICAL LINKS. HE IS FABOUSLY RICH, NO ONE TAKES THAT FROM HIM.
Nii Amusey, Accra 7 years ago

If he is so rich why did he issue dud cheques ?

If he is so rich why did he issue dud cheques ?
JTETTY 7 years ago

Hahaaaaahaahaahahaaa Nii.. you asked an important question. That's how it goes. These people thinks their eyes open but am afraid not. This guy was having hope his brother could succeed to rig votes to win 2016 election for h ...
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Hahaaaaahaahaahahaaa Nii.. you asked an important question. That's how it goes. These people thinks their eyes open but am afraid not. This guy was having hope his brother could succeed to rig votes to win 2016 election for his second term then this debt would have been buried silently. God never sleep.
Joe 7 years ago

Even the biggest sales agents of Catrepillar and Liebher (Mantract and Liebherr Ghana) do now have these units in stock for sale. Moreover the biggest dump truck we use in Ghana is Cat785 and does not cost $2.25m. Similary la ...
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Even the biggest sales agents of Catrepillar and Liebher (Mantract and Liebherr Ghana) do now have these units in stock for sale. Moreover the biggest dump truck we use in Ghana is Cat785 and does not cost $2.25m. Similary large excavators costing up to $5m are not used in Ghana so he cannot have 5 of $5m excavators in Ghana for sale. Who will buy them. This story is for those who don't know anything about mining and construction equipment and their pricing and application
TK 7 years ago

No any tribe in Ghana are Thieves than your tribe.Idiot!

No any tribe in Ghana are Thieves than your tribe.Idiot!
Stephen Donkor, New York. 7 years ago

Your NDC has done a great disservice to mother Ghana and e.g. our folks in the Northern Ghana and its so disturbing, What did this Idiot Mubarak do for his constituents for all the 30 years rule of the P/ NDC? These people ga ...
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Your NDC has done a great disservice to mother Ghana and e.g. our folks in the Northern Ghana and its so disturbing, What did this Idiot Mubarak do for his constituents for all the 30 years rule of the P/ NDC? These people gave them their support all these years but these crooks swindled them in a humongous fashion. Look at SADA and the YEA programs. These NDC crooks are annoying to extent that, I will take my time and dissect issues very soon. Is it not ashame for some of these goons to kill a whole cow and roast it in Accra for their end of year party whiles their folks in the North are perishing under abject poverty?. Some of these goons even feel humiliated to be identified to their various villages and have made Accra and Kumasi their backgrounds. I am very disturbed e.g. this morning because my attention was brought to the same issue from another source and so this is the second time today that my attention has been brought to this same issue. Our brothers from the North who are doing good financially should make it their moral responsibility and emulate the Kwahu people as role models and set up special programs every year either in Christmas or on the Easter holidays and go back home and help. Stop wasting your money on your numerous girl friends and use a portion of that money on our people back home. Mr Obvious you know that you're the one I'm talking to !!!. You and your family have looted so much from the coffers of the state, so now go home and embark on some charitable projects because we came here with nothing and shall likewise return with nothing. God gave some of you the opportunity to help your people but not to be only flamboyant in Accra, Dubai, Pretoria, London and New York. The government may do it but not enough. So the onus lies you natives of the various communities to do the chunk of the developments.
ba 7 years ago

Hmmmm so do you reason at all .
And you call your self an educated person
What does the news got to do with northerns

Hmmmm so do you reason at all .
And you call your self an educated person
What does the news got to do with northerns
SK 7 years ago

see this shejee wawa son of a prostitute calling northerners thieves. mother fucker. OK then Dr BAWUMIA too is a thief per your logic bastard

see this shejee wawa son of a prostitute calling northerners thieves. mother fucker. OK then Dr BAWUMIA too is a thief per your logic bastard
Good man 7 years ago

Imported Ashanti like you.let that your prostitute mum warn you that,northerners are not insulted at will just like that and go scout free.if you don't want to live to witness your next birthday,continue insulting all norther ...
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Imported Ashanti like you.let that your prostitute mum warn you that,northerners are not insulted at will just like that and go scout free.if you don't want to live to witness your next birthday,continue insulting all northerners Al will. Stupid bastards.
ShakeUp 7 years ago

If your stupid n stinking mouth doesn't know how to talk, it's your foolish ritualist grandparents who are thieves n not Northerners. You bloody vampires.

If your stupid n stinking mouth doesn't know how to talk, it's your foolish ritualist grandparents who are thieves n not Northerners. You bloody vampires.
affablekanen 7 years ago

that title GREEDY belongs to you. in addition a shnook and an imbecile. how could you use this to tag northerners as such. The judges bribery scandal released by ace Aremeyaw Anas, how many are of northern origin. idiot

that title GREEDY belongs to you. in addition a shnook and an imbecile. how could you use this to tag northerners as such. The judges bribery scandal released by ace Aremeyaw Anas, how many are of northern origin. idiot
MF 7 years ago

U are very Stupid for calling Northerners thieves and greedy people

U are very Stupid for calling Northerners thieves and greedy people
HolyGhost 7 years ago

No wonder the nincompoop bitter man ken and npp are jealously mad of him.

No wonder the nincompoop bitter man ken and npp are jealously mad of him.
sam 7 years ago

WE ARE INDIVIDUALS WITH DIFFERENT LEVEL OF RICHES. LET STOP THIS KIND OF LAYMAN'S THOUGT. HOW CAN KEN BE JEALOUS OF IBRAHIM. WHEN HE WAS DEFENDING IBRAHIM WHEN GHANAIANS WERE LAMBASTING IBRAHIM OF PURCHASING A PRIVATE AIRCRAF ...
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WE ARE INDIVIDUALS WITH DIFFERENT LEVEL OF RICHES. LET STOP THIS KIND OF LAYMAN'S THOUGT. HOW CAN KEN BE JEALOUS OF IBRAHIM. WHEN HE WAS DEFENDING IBRAHIM WHEN GHANAIANS WERE LAMBASTING IBRAHIM OF PURCHASING A PRIVATE AIRCRAFT? MUST WE STAND QUIET AS A NATION AND ALLOW ONLY PEOPLE WITH POLITICAL LINK TO MILK THE NATION DRY. HOW CAN A MULTI MILLIONAIRE LIKE IBRAHIM ISSUE SUCH A PEASANT DUD CHECKS. IF WE KEEP ON VILIFYING CITIZEN VIGILANTES WHO ARE BOLD TO EXPOSE ROT, THEN WE ARE DOOMED AS A COUNTRY AND OUR CORRUPT POLITICIANS WILL CONTINUE TO MILK THE NATION DRY SINCE THEY KNOW PEOPLE LIKE YOU WILL COME AND DEFEND THEIR ROTTING ACTIVITIES. KEN IS HAPPY WITH HIS LITTLE LEVEL HE HAS.HE HAS BEEN KEPT UNDER THE MICROSCOPE BEFORE WHEN NDC TOOK OVER FROM NPP IN 2008.HE WENT TO EOCO SEVERAL TIMES AND HE WILL STILL GO IF HE DOES ANY THING UNTOWARD IN THIS ERA.
scott 7 years ago

THAT IS TRUE.

THAT IS TRUE.
Ziggy Bonney 7 years ago

So why issuing dud checks and not pay his indebtedness?

So why issuing dud checks and not pay his indebtedness?
T This. 7 years ago

Business is business. even AMERICA that we all say are rich owes CHINA AND OTHERS. Why don't we ask the foreigners who come to invest with huge amounts how they made their money but when it is a GHANAIAN then he is a thi ...
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Business is business. even AMERICA that we all say are rich owes CHINA AND OTHERS. Why don't we ask the foreigners who come to invest with huge amounts how they made their money but when it is a GHANAIAN then he is a thief. WE ARE KILLING OURSELVES and must change
Rascally Tamakloe. 7 years ago

Do you pay anyone with dud checks? You will be imprisoned immediately in the US. It's a very serious offense. No decent human being goes on making money and uses bouncing checks to pay his debts. Shameless idiot defended by u ...
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Do you pay anyone with dud checks? You will be imprisoned immediately in the US. It's a very serious offense. No decent human being goes on making money and uses bouncing checks to pay his debts. Shameless idiot defended by unpatriotic, shameless goons like Tamakloe. This Tamakloe name is being rendered obnoxious. I used to hold it in esteem until recently. Ewe-Northerner thieving syndicate is bringing their name and that of Mother Ghana down.
Brains US 7 years ago

It's a lie that you get imprisoned in the US over dud checks. You will be given the chance to re-issue a correct check before being charged.

It's a lie that you get imprisoned in the US over dud checks. You will be given the chance to re-issue a correct check before being charged.
AZAA 7 years ago

So he started his business in 1997 and ranked 2nd richest in Ghana? Lets see the profile of the multi cashman in NPP Ken Agyapong now.

So he started his business in 1997 and ranked 2nd richest in Ghana? Lets see the profile of the multi cashman in NPP Ken Agyapong now.
SD 7 years ago

Agyapong started his business in the 1980s in Germany actually in drugs with his brother and sister. Later migrated to the USA to continue there.

Agyapong started his business in the 1980s in Germany actually in drugs with his brother and sister. Later migrated to the USA to continue there.
Nana 7 years ago

AZAA, ZOOBIE ZOOBIE, BB, APONKYE, holygGhost, SOCRATES, BBC NEWS, OGYAM, NPP SENIOR CITIZEN, JOHN, SARPONG, POPE, All die be die, Eboronasa, they Say they say, Ghanaman, and non-existent names been used by this stupid NDC foo ...
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AZAA, ZOOBIE ZOOBIE, BB, APONKYE, holygGhost, SOCRATES, BBC NEWS, OGYAM, NPP SENIOR CITIZEN, JOHN, SARPONG, POPE, All die be die, Eboronasa, they Say they say, Ghanaman, and non-existent names been used by this stupid NDC foot soldier. Mr idiot, stop using different type of names to make comments. You think we don't know? All above names is being used by one person. You are a criminal.
NANA O!! MOTHER 7 years ago

Ken is not jealous at all,Why will a rich man with all this companies issuing a dud checks if he is not a thief.More secreat will come up later.

Ken is not jealous at all,Why will a rich man with all this companies issuing a dud checks if he is not a thief.More secreat will come up later.
T This. 7 years ago

A GOOD BUSINESS MAN DOES NOT PAY FOR EVERYTHING. A GOOD BUSINESS MAN GOES FOR GOOD LOANS

A GOOD BUSINESS MAN DOES NOT PAY FOR EVERYTHING. A GOOD BUSINESS MAN GOES FOR GOOD LOANS
Nyebro 7 years ago

But a good businessman will always pay duty on goods he imports.....

But a good businessman will always pay duty on goods he imports.....
Nat 7 years ago

A good businessman wouldn't issue dud checks when he knows he will eventually have to pay with high interest or even go to prison

A good businessman wouldn't issue dud checks when he knows he will eventually have to pay with high interest or even go to prison
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Clem 7 years ago

God is great. It can not be only Akando and NPP people that are blessed. Envy will kill you and Ken Agyapong. Stop it

God is great. It can not be only Akando and NPP people that are blessed. Envy will kill you and Ken Agyapong. Stop it
Bigray @kokoteasu-obuasi 7 years ago

@HOLYGHOST U ARE V STUPID AS WELL AS UR TOTS WHO X JEALOUS OF MAHAMA'S BRO? NDC WILL MAKE U A FOOLISH PERSONA IN UR ENTIRE LIFE IF U DNT REASON AS HUMAN BEING

@HOLYGHOST U ARE V STUPID AS WELL AS UR TOTS WHO X JEALOUS OF MAHAMA'S BRO? NDC WILL MAKE U A FOOLISH PERSONA IN UR ENTIRE LIFE IF U DNT REASON AS HUMAN BEING
sam 7 years ago

this publication rather tend to redicule Ibrahim than to make him popular. how can A RICH MAN LIKE HIM GIVE DUD CHECKS? HE DID ALL THESE BECAUSE HIS BROTHER IS THE PRESIDENT. IT IS NOT FAIR HOW THE ORDINARY GHANAIAN IS TREATE ...
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this publication rather tend to redicule Ibrahim than to make him popular. how can A RICH MAN LIKE HIM GIVE DUD CHECKS? HE DID ALL THESE BECAUSE HIS BROTHER IS THE PRESIDENT. IT IS NOT FAIR HOW THE ORDINARY GHANAIAN IS TREATED BADLY BUT THOSE WHO HAVE LIKNS TO FLAG STAFF HOUSE ARE GIVEN A PREFERENTIAL TREATMENT. IMAGING HOW PEOPLE WHO IMPORT CARS FOR THEIR PERSONAL USE ARE SUBJECTED HUGE DUTIES. IF THEY ARE UNABLE TO PAY THEM, THEN THE CARS ARE ACTIONED TO PARTY IN POWER FOOT SOLDIERS FOR A PEASANT AMOUNT WITHOUT EVEN GIVING THE OWNER OF THE IMPORTED CAR THE OPPORTUNITY TO PAY HALF OF THE DUTY BEEN DEMANDED. OUR COUNTRY IS A DEAD COUNTRY. THSI MONEY IS A PEANUT TO IBRAHIM YET HE DECIDED TO ISSUE DUD CHECKS. NDC SHOULD STOP DEFENDING THIS AND LET THE LAW TAKES ITS COURSE,
prince 7 years ago

I NOW UNDERSTAND WHY KENNEDY AGYAPONY HATE HIM

I NOW UNDERSTAND WHY KENNEDY AGYAPONY HATE HIM
JOHN 7 years ago

SMELLING MOUTH KENNEDY AGYAPONG WILL HAVE TO POISON HIMSELF BECAUSE IBRAHIM WILL NEVER GO TO JAIL. NPP CANT EVEN JAIL WOYOME. THEY DONT EVEN MENTION HIS NAME AGAIN

SMELLING MOUTH KENNEDY AGYAPONG WILL HAVE TO POISON HIMSELF BECAUSE IBRAHIM WILL NEVER GO TO JAIL. NPP CANT EVEN JAIL WOYOME. THEY DONT EVEN MENTION HIS NAME AGAIN
The SHARK 7 years ago

It will look like POST-DATED cheques are being wrongly equated to DUD cheques here. EOCO mentioned postdated cheques not dud cheques, and issuing post dated cheques is no crime! It becomes dud only when the date comes and the ...
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It will look like POST-DATED cheques are being wrongly equated to DUD cheques here. EOCO mentioned postdated cheques not dud cheques, and issuing post dated cheques is no crime! It becomes dud only when the date comes and the cheque is not honoured
Readi 7 years ago

What's the date on the checks...y defend a criminal...don't you go to church...if in doubt ask yourself...what will Jesus do.

What's the date on the checks...y defend a criminal...don't you go to church...if in doubt ask yourself...what will Jesus do.
Maxwell Hotor 7 years ago

Yet still can't pay the tax man and issuing DUD cheques thief,

Yet still can't pay the tax man and issuing DUD cheques thief,
Yaw 7 years ago

God blessed him long before his brother even became prez

God blessed him long before his brother even became prez
One Ghana 7 years ago

No wonder the fools in npp are envious n jealous about him

No wonder the fools in npp are envious n jealous about him
Eddie 7 years ago

who is the greatest criminal and an arm robbers like Kuffour n his cronies who gave 12% of our oil money to 26millon Ghanaians n 1.3 % to E.O group .He also have shares in investments from various companies, including Kempen ...
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who is the greatest criminal and an arm robbers like Kuffour n his cronies who gave 12% of our oil money to 26millon Ghanaians n 1.3 % to E.O group .He also have shares in investments from various companies, including Kempenski hotels n others, giving them 15years tax holiday .
KINGSTONIAN 7 years ago

Eddie God will punish U.Kuffour did well for Ghana even to discover oil for Ghana.Do you know Ghana did spend money for oil exploration?It took this foreighners million of dollars every day to look for oil for us so if you do ...
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Eddie God will punish U.Kuffour did well for Ghana even to discover oil for Ghana.Do you know Ghana did spend money for oil exploration?It took this foreighners million of dollars every day to look for oil for us so if you don't know u better shut up.
Keane 7 years ago

He owes over 75mlion to banks and told them in 2016 get lost see his brother .....hohoho now he has got an ex evil corrupt president brother now let's see what happens ...he obviously thought he could be big man and get off ...
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He owes over 75mlion to banks and told them in 2016 get lost see his brother .....hohoho now he has got an ex evil corrupt president brother now let's see what happens ...he obviously thought he could be big man and get off with dud chews ...he will just use some of the $180 million he has in Nigeria or wait for more of his corrupt deals to be paid ....like he is part of that CORRUPT AMERI DEALhis part ghc25 million for 3 days work ....hilarious if not so sad .
AMERI POWER It's simple , the recent committee trip 1) pure conflict of interest and pure corruption 2/ just read Full story on Norwegian newspaper Verdens Gang ....again PURE corruption and bribery ...foolish shameful NDC . after bribing everyone to go on a visit to review the contract ....one minute going to negotiate now no negotiate ........they set the company up to SCREW Ghana the world is laughing at Ghana ...how many other multi million dollar contracts have AMERI ACHIEVED...ZERO how many other contracts has that crook His Royal Highness Sheikh Ahmed Bin Dalmook Al Maktoum, received a deal of $150 million commission ZERO ... why did the witness a known crook UMAR FAROOQ ZAHOOR witness contract then they say no no no he is not the crook he is s different man then a few days later he is removed ftom web site and resigned for personal reasons . Full story on Norwegian newspaper Verdens Gang (VG so corrupt bribery greedy NDC just screwed Ghana so CONTRACT is a FRAUD GET them all arrested for loss to state ...if nothing happens then NPP HAS ACCEPTED A BRIBE TO shut up? Now they have paid the committee hotels expenses and flights to investigate ....conflict of interest!!! (More bribes) apart from all the other going on from that EVIL corrupt ex president mahama (agreeing to a power project costing $300million more than any other project in the world EVER $900 million 400mw by executive instrument -industry standard $600m)the contract reads if AMERI do not like the government or whatever they can MAKE the government BUY the project ....so that's $300 million more than ANY other similar projects in the world ...TOTAL CORRUPTION TOTAL DISGRACE..100% within a few years they will attempt that clause as the project does not work $900million at one minute 12 cents then 14.5 cents per pkh for power (400mw at $600million oh dear Ghana ....EVERY ONE INVOLVED IN BRIBE-corruption PAST AND PRESENT WATCH THEM TALK RUBBISH TO CLOSE THE CONVERSATION DOWN

Source imani-
Friends, do not take the silence of AMERI’s supporters on this platform and in the open media to mean aloofness or nonchalance.
They have been hard at work, especially on WhatsApp and in private briefings, doing all they can to discredit IMANI’s campaign to persuade the public to view the deal as the “greatest swindle of the Ghanaian state in at least two decades”.
Since our responses have been fragmented across different posts, discussion threads, and ripostes across multiple platforms, we have been advised to assemble them all in one place in order to vindicate our campaign. We now have the pleasure and duty to proceed to do so.
Let us take just the main arguments that are being canvassed by pro-AMERI activists.
They have said that IMANI’s analysis of the financial terms of the deal is shallow because it assumes that such a deal can only be assessed in one way, when in fact different methods can show that it is a very fair deal.
IMANI is underestimating the cost of installing the turbines and exaggerating the profits made by the middle-men (brokers) because it does not understand IRR, NPV, and Discount Rate analysis, they insist.
How do we plead to this charge? Firstly, no one, at least, disputes the cost of the TM2500+ mobile aeroderivative gas turbines that were bought (in actual fact, the TM2500+ is the composite ‘power plant in the box’; the turbine itself in that box is the LM2500 aeroderivative engine).
And that is because no one can. Right there in Annex A to the agreement, its supplier and specifications are fully provided. The machine was acquired from APR, a recommended supplier of GE, by the brokers. APR openly lists the price of these machines. There is thus no dispute that the machines together cost $220 Million, and most likely less if bought in bulk.
As to why Ghana had to go to AMERI for AMERI to go to METKA for METKA to go to APR in order to acquire GE equipment, let’s leave that aside for now. Anybody with the most basic training knows that if something costs $22 million each and you want to acquire ten of them you would normally be entitled to a discount.
You can prove the point by walking to Kingdom Stationery and ordering 10 workstations at a go. I assure you a 15% discount off the catalogue price would be yours, but let’s even assume that the original procurers were obtuse enough to pay $220 million.
(Indeed in the World Energy Outlook database, per MW capital cost for gas turbine power is $500,000, so the $900,000 implied by the catalog price is precisely what you expect to see at catalogue price level, but let’s not over-flog the point.)
The $220 million is the engineering cost. Everyone knows that even if a machine, such as this one, has been designed as turnkey (literally, buy today, turn the key, and voila it starts working) one still need specialists to install, test and then commission it.
One also needs to plug it into whatever network is supposed to receive the output the machine generates. Also if somebody buys something on your behalf they deserve to be paid what in Ghana is called T&T.
Note however that in this case, unlike the case in a normal power plant, all that was needed was to integrate the turbines with the national grid equipment.
In fact, GE offers to install the machines for you in eleven days or even three days if as a user you don’t need a test run! You don’t have to have more than a JHS education to understand that what we are talking about here is not the building of Akosombo dam and township.
It is literally assembling a bunch of gizmos for cooling, firing up, and transmission of the generated power into the national grid.
As far as the transformers, civil works, utilities and sewers/tubing/tunnelling are concerned, Government of Ghana was responsible for bearing that cost. Supposing you bought a generator plant for installing in your factory for $22,000.
How much will you pay to install it? In Ghana’s case, continuing this analogy, we paid $14,000 because somehow we felt that even that part of the project should be handled by someone else and be billed as additional. But that is not even the main quarrel here.
Many anti-AMERI activists are not even taking the deal makers to task for paying $140 million on top of the $220 million to install a plant that from our analysis of several deals involving a EPC contractor cost of procurement, installation and commissioning almost never cross 10% of the total cost.
We are tearing our hair out because the government then went ahead and paid AN ADDITIONAL $150 million on top of things, citing something called ‘NPV analysis’ and ‘Balance of Plant’.
Yet, all one has to do is take a look at Annex E of the agreement and it is clear that the main core of this ‘balance’ that needs to be added to the turbines for the system to be complete and operational comprises merely of the exhaust module, the air intake nozzles and the data logging platform in the control room, all of these being assembly units clearly stated as standard and pre-packaged with the turbines!
All that is required, external to the weatherproof package and its trailer mounts, and in lieu of a complex structure, is the piping for coolant and fuel filtration and transmission.
So the “balance of plant” essentially refers to the fuel and coolant (‘demineralised water’) storage and dispensing system/controls that can be acquired for a few hundreds of thousands of dollars; and the earthing and electrical cabling works.
We are not talking here about giant buildings; or treatment systems; fire control was provided; ventilation is integrated, as is instrumentation; and security and fuel logistics handling is minimal because the plant is housed at the existing Takoradi Thermal Power station and shares its facilities.
And at any rate, the government of Ghana was billed separately for civil works, drainage and sewerage etc! So what serious ‘balance of plant’ are we talking about here exactly?
For a project that the manufacturer of the system says can take between 3 and eleven days from start to finish, we decided that for the work done in acquiring the plants and installing them (EPC), we will pay the brokers 65% of the total equipment cost due to our unwillingness to procure our own financing and then hire any EPC contractor for a few hundreds of thousands of dollars to commission the plants.
Anti-AMERI activists are willing to accept this $140 million dollar charge as pure financing costs (since the engineering, procurement, construction and commissioning activities in this project are hardly of serious note).
And had we left things there, the NPV analysis using an 8% discounting rate would have netted a decent aggregate profit of $72 million cool profit for the dealmakers, showing a 32% return in 5 years. Indeed, readers are welcome to take a look at how reasonable this rate of return is in a period of serious constraint in the energy plant financing industry. It is important to bear in mind when reviewing these calculations that cashflow from the investment is assured on a monthly basis; a graduated interest rate structure is required to fully appreciate the fixed cashflow; AMERI sought and secured exemptions from ALL domestic taxes in relation to the project; we are in a period of unprecedented low global interest rates; and there is a standby letter of credit to cover any defaults under every conceivable scenario in the one-sided agreement that was foisted on the Government of Ghana. AMERI enjoyed all of this PLUS a Performance Bond too (yes).
In fact, under the agreement, AMERI gets paid whether or not fuel from the government to produce electricity is forthcoming, and regardless of faults in the national grid.
It is easy to see how generous the deal at this level would have been when one benchmark against reference data globally.
The discount rate in Turkey itself is 5.25%. But the Ghanaian dealmakers felt that such prudence would not earn them any applause for being spectacular. So they upped the ante, and agreed to an additional $150 million on top of this for AMERI.
The party that did not procure the equipment, install a pipe, or turn even a valve on, but rode on the back of METKA and APR to secure the equipment and on PPL and Engineers & Planners to install and turn it on, gets a cool $122 million in NPV terms just for having swag! Frankly, that is where NPV analysis leads us.
And it sure as night follows day exonerates no one. In fact if we use as the discounting rate the cost of borrowing in the local USD credit market and compute the NPV of the margin for AMERI on the deal (relying on our generous EPC project value of $250 million), we get exactly $150 million! That is precisely the amount we overpaid if we measure against the alternative of borrowing from a consortium of local banks to buy the plant outright and getting the authorised supplier, APR, to install and commission. Any which way pro-AMERI analysts dice this, a $150 million loss cannot be argued away. For further clarity, see below a table providing comparative lending rates for various projects in the energy sector. But pro-AMERI analysts seem to believe that they have one ace up their sleeves. In some of the briefings, we have seen the argument appears to be that AMERI is producing cheap power and that cannot be the case if the capital cost of the plant is bloated (though as you can see from the other table attached, the capital cost is indeed the highest in Ghana). Fair point: how can an exorbitantly priced machine produce cheap trinkets? When some of us first heard this argument, frankly, we thought it was a joke. On top of selling the machines to Ghana at an exorbitant price and compelling us to provide fuel to power it, AMERI then went ahead and inserted a cool 0.5 US cents per kilowatt hour charge for the power that we shall be producing from equipment that we are paying for using fuel that we are supplying, netting them a neat $16.6 million a year! And though the agreement says that the plant gets handed over to the Government of Ghana if we keep up with all our payments, they still managed lock the power tariffs in the post-transfer period in an obvious ploy to ensure that even after handing the plant over to us they can still run the show (hence the efforts to get another plant at the Takoradi Power Station handed over to them). The combined tariff of 62 pesewas per kilowatt-hour that AMERI itself discloses in the agreement may be compared with the 2016 August Bulk Generation Charge that PURC has allowed other power plants in Ghana to charge on average: 35.97 pesewas! AMERI is thus, in fact, nearly 75% more expensive than the average power plant in Ghana. And we haven’t even factored in the cost of fuel. Consider that without a revision of the agreement, AMERI will be operating what is, in essence, a separate price-gouging regime in the country, in defiance of the PURC, that shall see Ghanaians paying almost twice for its power if we don’t act soon to shave off some of the $102 million a year it has managed to squeeze out of our diffident State. In view of all the foregoing analysis, IMANI’s simple view is that the Government of Ghana should not relent until it has managed to shave off two million dollars from each monthly payment. Duty calls on every Ghanaian to join this campaign
- [ ]
Bbb,Mahama remains a thief. 7 years ago

Apuuu just on paper.He's a damn crook and a thief,stealing from Ghanaians.

Apuuu just on paper.He's a damn crook and a thief,stealing from Ghanaians.
gh people 7 years ago

breaking news, all those who have stolen ghana people monies, cars, and properties will vomit them, ,all those john mahama gave cars, houses and monies must return them before the police visit them in their houses,arrest th ...
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breaking news, all those who have stolen ghana people monies, cars, and properties will vomit them, ,all those john mahama gave cars, houses and monies must return them before the police visit them in their houses,arrest them and send them to prison from ghana people
Huppin around 7 years ago

Where Ken is jealous about Ibrahim? If is Asante man own this would you talk? I think Ken is fucking stupid. Arrogant Demagogue stinking of racism He should better zip his fucking mouth and look forward for his task.we are wa ...
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Where Ken is jealous about Ibrahim? If is Asante man own this would you talk? I think Ken is fucking stupid. Arrogant Demagogue stinking of racism He should better zip his fucking mouth and look forward for his task.we are waiting him to poison him self Nasty figure
Abdul Somed 7 years ago

You should should focus on how to become rich rather than this jealous tribal comments. Check the dates of establishment of the companies that he owned

You should should focus on how to become rich rather than this jealous tribal comments. Check the dates of establishment of the companies that he owned
CCBLAY 7 years ago

this is unnecessary, needless to talk about cant an individual own all these.
lets encourage entrepreneurship and play down mediocrity and jealousy

this is unnecessary, needless to talk about cant an individual own all these.
lets encourage entrepreneurship and play down mediocrity and jealousy
Sam 7 years ago

He needs to pay the money back with some penalty or in default custodial sentence.

The good thing about his fraud is investing the money in the country for others to benefit.

That does not spare him from the law anywa ...
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He needs to pay the money back with some penalty or in default custodial sentence.

The good thing about his fraud is investing the money in the country for others to benefit.

That does not spare him from the law anyway.
Branaboy 7 years ago

THis list is just nonsense. Ibrahim does not own and has never owned Mittal which is owned by an Indian family. He WAS a contractor for the company, however that project has long been abandoned and Engineers and Planners has ...
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THis list is just nonsense. Ibrahim does not own and has never owned Mittal which is owned by an Indian family. He WAS a contractor for the company, however that project has long been abandoned and Engineers and Planners has no personnel in Liberia or Sierra Leone.

Engineers and Planners themselves are currently in a slow down mode due to downturn in the mining sector over the past 3 years, thus the company running around fighting for dredging contracts etc.

His Mann Truck franchise is also down due to the slow down in the mining sector and the general Ghanaian economy over the past 3-4 years of his brother's administration.

Essentially, Mr. Ibrahim's business is one of "stealing from Peter to pay Paul." He is borrowing from one bank to pay off another bank. His main business of mining sector services is a low margin business (that is why the mining companies outsource it), thus to be successful, one has to have fiscal discipline. Margins are slim and therefore management has to be tight in how they manage cash. Unfortunately, Mr. Ibrahim over the years has not shown that discipline. He has very good business and I wish him all the best in his endeavors, but he needs to be more disciplined in the management of his business affairs. Less of the flashy cars etc. and more focus of growing the businesses to take advantage of the economies of scale that ALL the businesses he is involved in demand.
Iddrisu Dawda 7 years ago

Not all greaters are good

Not all greaters are good
Asubonteng 7 years ago

GIVE US BREAK
HOW ABOUT ALIKO DANGOTE IN NIGERIA

GIVE US BREAK
HOW ABOUT ALIKO DANGOTE IN NIGERIA
confirm 7 years ago

Go to Nigeria site and comment about Dangote wai here is Ghana

Go to Nigeria site and comment about Dangote wai here is Ghana
Iddrisu Dawda 7 years ago

Not all great men are good

Not all great men are good
Kwajang 7 years ago

Render unto Caesar what is Caezar s.

Render unto Caesar what is Caezar s.
Alex London 7 years ago

Fake News

Fake News
BUUU 7 years ago

But had privileged over other contractors because His Brother was the President.

But had privileged over other contractors because His Brother was the President.
A.Mumeen(Gbanjong) 7 years ago

If all these companies is legally owned by Ibrahim Mahama, no problem about that but it is illegal then the law mast work

If all these companies is legally owned by Ibrahim Mahama, no problem about that but it is illegal then the law mast work
SK 7 years ago

see this sheeeje, wawa son of a proustite calling northerners thieves. per your logic that means Dr BAWUMIA is also a thief. bastard, mother fucker. go lick your mother,s pussy idiot.

see this sheeeje, wawa son of a proustite calling northerners thieves. per your logic that means Dr BAWUMIA is also a thief. bastard, mother fucker. go lick your mother,s pussy idiot.
KW 7 years ago

IBRAHIM IS CREATING JOBS AND SERVING GHANA. NPP STOP THE EVIL AND HATE. IT IUNGODLY AND WICKED TO TRY AND SABOTAGE IBRAHIM ,JUST BECAUSE HIS JOHN'S BROTHER.

IBRAHIM IS CREATING JOBS AND SERVING GHANA. NPP STOP THE EVIL AND HATE. IT IUNGODLY AND WICKED TO TRY AND SABOTAGE IBRAHIM ,JUST BECAUSE HIS JOHN'S BROTHER.
m,y 7 years ago

it takes hardwork and prayers to get what ibrahim mahama had achieved. laziness cannot crown such achievement not even enviness.

it takes hardwork and prayers to get what ibrahim mahama had achieved. laziness cannot crown such achievement not even enviness.
DR TRUTH 7 years ago

GEN KOTEI WAS TIED AND SHOT BY (P)NDC FOR BORROWING 50 GHANA OLD CEDIS, YET STILL IBRAHIM MAHAMA BORROWS $25 MILLION DOLLARS REFUSE TO PAY IT PLUS ACCUMULATED INTEREST MAKING $35MILLION DOLLARS, IS WALKING FREE AND BOUGHT JET ...
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GEN KOTEI WAS TIED AND SHOT BY (P)NDC FOR BORROWING 50 GHANA OLD CEDIS, YET STILL IBRAHIM MAHAMA BORROWS $25 MILLION DOLLARS REFUSE TO PAY IT PLUS ACCUMULATED INTEREST MAKING $35MILLION DOLLARS, IS WALKING FREE AND BOUGHT JET PLANE TO FLY OVER OUR POOR HEADS
dru 7 years ago

fake....

fake....
TULA 7 years ago

So if Ibrahim Mahama owns or has some connections with certain overseas companies does it give him the right to defraud GOG and steel from the people of Ghana ; Frankly; YEN.com is a JOKE !!!!!; does he think Ghanaians don't ...
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So if Ibrahim Mahama owns or has some connections with certain overseas companies does it give him the right to defraud GOG and steel from the people of Ghana ; Frankly; YEN.com is a JOKE !!!!!; does he think Ghanaians don't know viable companies ; all the companies are dependent on GoG contracts besides any full can be a businessman ; when you go to a bank and use your connections to borrow money go and import things; dupe the customs a go sell the goods pocket the profits ; fail to pay the Bank and argue the case that he has these compaines and that GHC12million is chicken feed ; WHAT A LOAD OF TOXIC PROPAGANDA FOR IBRAHIM MAHAMA : the truth is the this Mahama family are bunch of armed robbers besides if Ibrahim Mahama has the cash why does he not pay his debts because appaRENTLY he OWES MORE than HAVE BEEN STATED by EOCO; YEN.comm should a financial commentor to advice them that Ibrahim Mahamas business is wholly a debt owened business ; his business is not viable and wobbling in debt .
Shomto 7 years ago

What ibrahim do wrong.b.cos is rich,Ken can you come out n tell u how you make your money. Leave the man alone

What ibrahim do wrong.b.cos is rich,Ken can you come out n tell u how you make your money. Leave the man alone
Agya owusu 7 years ago

Only one of half his companies is richer than ken so call properties that is the bitterness he got for the gentle guy

Only one of half his companies is richer than ken so call properties that is the bitterness he got for the gentle guy
sway 7 years ago

Sam if that's a fact, why did all the 40 plus cheques he issued could not be cash

Sam if that's a fact, why did all the 40 plus cheques he issued could not be cash
ANTWI 7 years ago

YEN.com tells us Ibrahim Mahama can pay this chicken feed debt why does he not pay it at the time besides Engineers and Planers won contracts because Ibrahim Mahama was the brother of Jon Mahama under the NDC ; this idea that ...
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YEN.com tells us Ibrahim Mahama can pay this chicken feed debt why does he not pay it at the time besides Engineers and Planers won contracts because Ibrahim Mahama was the brother of Jon Mahama under the NDC ; this idea that Ibrahim Mahama was the best contractor IS BUGUS ; Yen.com should do some checks on Arcelor Mittal ; the company is finding difficulties and is not doing well because the prices of steel is on the floor because of china ; this idea that Ibrahim is supervising steel projects in Sierra Leone ; Liberia and others is false besides if Inbrahim have the cash why does he not sell his private jet and pay his debts ; the truth is that if Ibrahim Mahama is unable to pay these GOG debts ;he will end in court and his assets will be sold ; YEN.com STOP THIS GARBAGE ABOUT IBRAHIM MAHAMA :THE MAN IS A KROOK !!!!!!!
Joe addai 7 years ago

try him

try him
Julius 7 years ago

Ibrahim Mahama owns nothing "foko" in Mittal steel both in Liberia and Sierra Leone. He only procures or supplies Mittal with equipment on sub contract basis. Don't throw dust in people's eyes in your pitiable attempt to whit ...
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Ibrahim Mahama owns nothing "foko" in Mittal steel both in Liberia and Sierra Leone. He only procures or supplies Mittal with equipment on sub contract basis. Don't throw dust in people's eyes in your pitiable attempt to whitewash the crook.he's rich yes but how much of this money did he acquire cleanly if not for the brother's nepotism?
Abongo Boy 7 years ago

Charge him if he is a fraudster

Charge him if he is a fraudster
Citizen 7 years ago

yen why can u be serious for once
what is the benefit of listing someone's companies on this your stupid website especially at a time when he is been witch hunted politically

yen why can u be serious for once
what is the benefit of listing someone's companies on this your stupid website especially at a time when he is been witch hunted politically
Omint's (Bel. 7 years ago

Is serious matter current must find out how this man got his money from.B'cos if Rawlings came and kill people who suffered for their money how much current govt.can't look into a guy who got his money less dan 8 years.

Is serious matter current must find out how this man got his money from.B'cos if Rawlings came and kill people who suffered for their money how much current govt.can't look into a guy who got his money less dan 8 years.
Tony 7 years ago

God will continue blessing you Ibrahim Mahama,if you can't run the race join them,Kennedy Agyepong.What they don't know they call name's, but what they know they destroys.Ibrahim carry on,carry on

God will continue blessing you Ibrahim Mahama,if you can't run the race join them,Kennedy Agyepong.What they don't know they call name's, but what they know they destroys.Ibrahim carry on,carry on
Educator 7 years ago

KD you a the "FOOL"
its not anywhere you can send this uncultured behavior. Anyway i don't blam you.its the doing of your foolish parents who did not see to it that you become a social being.

KD you a the "FOOL"
its not anywhere you can send this uncultured behavior. Anyway i don't blam you.its the doing of your foolish parents who did not see to it that you become a social being.
AKWE 7 years ago

THIEVES IN NDC PARTY

THIEVES IN NDC PARTY
cuuh!. 7 years ago

No body envys him. We're just holding him by de 44 fake checks. Why shld he do that. I want to know.

No body envys him. We're just holding him by de 44 fake checks. Why shld he do that. I want to know.
gravity 7 years ago

rubbish

rubbish
kojo 7 years ago

Get your facts right?
2/Accelor Mittal abrogated the contract in Liberia bcos he collected money from them and could not perform. they seized E&P machinery which belonged to a 3rd party Ghana company
3/The Asutuare farm is ...
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Get your facts right?
2/Accelor Mittal abrogated the contract in Liberia bcos he collected money from them and could not perform. they seized E&P machinery which belonged to a 3rd party Ghana company
3/The Asutuare farm is bankrupt. They had an Israeli manager who never to paid
4/MBG is also on the verge of bankruptcy that is why he is issuing dud cheques to clear spares etc

Don't defend him.
Left Foot. 7 years ago

Ghanaians and for that matter NDC Die-hards should not bury their heads in the sand. Mr I. Mahama has broken the Law if he issued Dud cheques for settling his debts. The Book should be thrown at him. Period!

Ghanaians and for that matter NDC Die-hards should not bury their heads in the sand. Mr I. Mahama has broken the Law if he issued Dud cheques for settling his debts. The Book should be thrown at him. Period!
Julius 7 years ago

Ibrahim Mahama owns nothing "foko" in Mittal steel both in Liberia and Sierra Leone. He only procures or supplies Mittal with equipment on sub contract basis. Don't throw dust in people's eyes in your pitiable attempt to whit ...
read full comment

Ibrahim Mahama owns nothing "foko" in Mittal steel both in Liberia and Sierra Leone. He only procures or supplies Mittal with equipment on sub contract basis. Don't throw dust in people's eyes in your pitiable attempt to whitewash the crook.he's rich yes but how much of this money did he acquire cleanly if not for the brother's nepotism?
Nana Kofi 7 years ago

Is quite amazing that upon all this he is still stealing. He needs to pray to God for forgiveness.

Is quite amazing that upon all this he is still stealing. He needs to pray to God for forgiveness.
Dessie 7 years ago

Do ghanaians know the value of 12,5million dollars,.equivalent to cedis:50million ghanna cedis

Do ghanaians know the value of 12,5million dollars,.equivalent to cedis:50million ghanna cedis
slyster 7 years ago

I believe mahama owns all these companies. Ibrahim is just a cover up.

I believe mahama owns all these companies. Ibrahim is just a cover up.
Apantu 7 years ago

It's all government money

It's all government money
GOD is watching 7 years ago

Ken list your companies too

Ken list your companies too
manager 7 years ago

God has blessed him and his brother why you Ghanaians are jealous of them.
What he said is that give me my 24 and I give you your 12 that one too Ghanaians didn't understand the simple English the man has said.

God has blessed him and his brother why you Ghanaians are jealous of them.
What he said is that give me my 24 and I give you your 12 that one too Ghanaians didn't understand the simple English the man has said.
Oto 7 years ago

Is not about someone been jealous of him. Integrity, justice, and controlling his corrupt dealings is what this about. Ghana is not for him, his brother and their family. Is about doing business the right way. Forget about ...
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Is not about someone been jealous of him. Integrity, justice, and controlling his corrupt dealings is what this about. Ghana is not for him, his brother and their family. Is about doing business the right way. Forget about politics and tell the truth. How many Ghanaians are able to get away with murder other than Mahama and his people. Meanwhile NDC is complaining that Kayayas should pay taxes while these Mahama people are stestealing mllions of dollars and expect poor people to pay taxes. How fair does this sounds to u.
obrempong 7 years ago

blessed man

blessed man
kofi 7 years ago

I think this Ibrahim Mahama man is nothing but a criminal who needs to be hunged to death.He doesn't deserve to stay within us .Also all his assets should be confiscated to support the needy.OMG what a world

I think this Ibrahim Mahama man is nothing but a criminal who needs to be hunged to death.He doesn't deserve to stay within us .Also all his assets should be confiscated to support the needy.OMG what a world
Yaw Boakye 7 years ago

Who ever controls this site needs to edit comments. "Northerners are thieves".....etc all these headings is the problem of Africa.
If we rise we rise together, when we fall we fall together as a nation.

Who ever controls this site needs to edit comments. "Northerners are thieves".....etc all these headings is the problem of Africa.
If we rise we rise together, when we fall we fall together as a nation.
Honey poppy 7 years ago

k D you are an animal for calling northerns thieves ibrahim is better than u and your family, you will die like a chicken running on the street

k D you are an animal for calling northerns thieves ibrahim is better than u and your family, you will die like a chicken running on the street
SD 7 years ago

Jealousy is killing my people now. Hahahaha

Jealousy is killing my people now. Hahahaha
Ken 7 years ago

Foolish Ghanaian who never think about their interest but always think about people interest

Foolish Ghanaian who never think about their interest but always think about people interest
Jimmy 7 years ago

With all Properties still steals from the state shame on the Mahamas

With all Properties still steals from the state shame on the Mahamas
MF 7 years ago

KD,U re stupid to call Northerners thieves gredy people

KD,U re stupid to call Northerners thieves gredy people
ADAM SOULE-MAN 7 years ago

IS IBRAHIM REALY SO RICH,HOW DID HE MADE HIS RICHNESS ?????????????

IS IBRAHIM REALY SO RICH,HOW DID HE MADE HIS RICHNESS ?????????????
OMAN BA PA 7 years ago

IBRAHIM MAHAMA,MAHAMA JET IS NOT A GOOD CITISEN IN GHANA,ONLY CAME TO POWER FOR MAHAMA FAMILY TO BE RICH,LOOT AND SHARE EVILS,CRIMINAALS,

IBRAHIM MAHAMA,MAHAMA JET IS NOT A GOOD CITISEN IN GHANA,ONLY CAME TO POWER FOR MAHAMA FAMILY TO BE RICH,LOOT AND SHARE EVILS,CRIMINAALS,
john mahama 7 years ago

Do not play with this man the dead goat brother

Do not play with this man the dead goat brother
NANA 7 years ago

What is his problem? He should pay the monies with interest and stop complaining.

What is his problem? He should pay the monies with interest and stop complaining.

Comprehensive list of all the companies owned by Ibrahim Mahama

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