Tag: Ghana National Petroleum Corporation
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PIAC asks GNPC to quit giving out loans to gov’t until significant recoveries are made
The Public Interest and Accountability Committee (PIAC) has advised the Ghana National Petroleum Corporation (GNPC) to desist from granting loans and guarantees until recoveries are made with reference to outstanding loans. This comes after reports that the Petroleum Corporation could not realize its budgeted revenue from loans and guarantees due to debts owed it by…
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GNPC begins stakeholder engagements ahead of decommissioning of Saltpond Oil field
The Ghana National Petroleum Corporation (GNPC) has begun a series of engagements to inform, educate and solicit feedback from stakeholders as part of plans to decommission the Saltpond Oil Field, which is also Ghana’s first oil field. A statement issued by GNPC and signed by its General Manager for Sustainability and Stakeholder Relations, Dr. Kwame…
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GNPC departing from its CSR strategy — policy think tank
The Institute of Energy Security (IES) has said the Ghana National Petroleum Corporation (GNPC) is deviating from its corporate social responsibility strategy with the provision of funds to support the activities of quasi-state institutions among other stakeholders. GNPC, the state agency responsible for the exploration, licensing, and distribution of petroleum-related activities last month approved some…
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Ghana signs MoU to export talent in Oil and Gas industry to three African countries
Ghana is set to export some of its talents within the Petroleum Industry, to three African countries including Sierra Leone, Gambia and Liberia. This follows the signing of a Memorandum of Understanding between the Ghana National Petroleum Corporation, (GNPC) and its counterparts in these countries to purposely share experiences in the management of the petroleum…
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IFS demands new law to restrict GNPC’s activities; ensure more transparency
The Institute for Fiscal Studies (IFS), a policy think tank, has called for the passage of a new law that will rein in the non-oil related activities of the Ghana National Petroleum Corporation (GNPC) as well as make them more accountable. The institute’s latest Policy Brief entitled ‘Assessing Management of Ghana National Petroleum Corporation Revenue,’…
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Subject appointments of heads of GNPC, Petroleum Commission etc to scrutiny — Jantuah
Energy analyst and Chief Executive Officer of African Energy Consortium Limited, Kwame Jantuah, has called on the government to desist from appointing persons who lack the right expertise to head public institutions in the oil and gas industry. According to him, the appointment of such individuals could lead to massive losses in the petroleum industry.…
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No data on ABFA expenditure in PIAC report
The Public Interest and Accountability Committee, PIAC, is demanding sanctions for institutions that delay in submitting data for its reports. The Committee which has oversight responsibility in the management of petroleum revenue maintains that the development impacts adversely on its operations. The Chairman of the Public Interest and Accountability Committee, Dr. Steve Manteaw in an…