The controversial revised Ameri deal by the Akufo-Addo led government has been called off, a close confidante to the president, Gabby Asare Otchere Darko is reporting.

The Executive Director of the Danquah Institute, confirmed the news after he retweeted  a story by President Akufo-Addo's owned newspaper the Daily Statesman newspaper with the headline “New Ameri deal is off.”

Although there is no official confirmation from government's communication's team, the Daily Statesman newspaper categorically stated that the deal was over.

The story read; “Information from impeccable sources inside the office of the president leaked to the Daily Statesman in the past few hours suggests that the Energy Ministry’s solo-driven revised deal with the Dubai-based energy equipment provider AMERI will not see the light of day.”

The paper added that the president on his return from the 53rd session of the ECOWAS Heads of State meeting in Togo, quickly requested and received a further briefing on the new deal.

There was also an Economic Management team meeting during which a decision was taken to withdraw the deal.

The revised deal brought to Parliament for approval has received as much a backlash as the original deal signed by the Mahama led government in 2015 during a major power paralysis in the country.

The $510million power plant for five years was criticized by the then opposition New Patriotic Party with allied policy think tanks including ACEP and IMANI.

The party promised to review the deal if it won power in the 2016 elections and when it did, a 17-member committee was constituted to investigate the details of the AMERI deal and provide recommendations.

The Philip Addison led committee concluded the deal had been inflated by about $150 million and recommended a review.

Last week, the government brought to Parliament a review of the agreement by introducing a new company, Mytilineous International Trading Company, to take over the interest of AMERI with an extended period of five to 15 years.

However, Parliament suspended consideration of the deal until the Energy Minister Boakye Agyarko delivers four critical documents including a value for money audit on the new deal.

Apart from the Minority, other civil society groups have questioned the details of the agreement.

In the new agreement, the government claims the new deal will save the country a whopping amount of $400 million over a 15-year period.

Under this agreement, a new company- Mytilineous International Trading Company will take over the management of the Ameri power plants for 15 years.