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    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

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    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

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    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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Energy Ministry to investigate NPA’s lavish spending

bycitibusinessnews
June 21, 2014
in Business, News
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The Ministry of Energy and Petroleum says it will investigate reports that the National Petroleum Authority is paying $63,000 as monthly rent for its offices at East Legon in Accra.

This was contained in a statement signed by the Deputy Head of Communications, at the Ministry.

The Ministry of Energy and Petroleum has agreed with the public concerns on the high cost of the premises recently rented by the National Petroleum Authority (NPA) as offices.

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According to the Minister, Emmanuel Armah-Kofi Buah, ‘’if the NPA ‘s  office was rented at $63,000 per month as has been reported, then that hardly represents prudent use of state resources, no matter how conducive or appropriate the facility is for their operations.’’

‘’The Minister would be demanding from the Board and management of the NPA an explanation for such a decision, especially the consideration that went into a decision that runs at variance with philosophy and preferences of His Excellency the President as far as the use of public funds concerned,’’ Mr. Buah stated.

The public is assured that the Ministry will do everything possible to get to the bottom of this matter.

 

 

Credit: Energy Ministry

 

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