Tag: GNPC
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![New GNPC boss: The In Tray [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2022/04/Danquah-1.jpg)
New GNPC boss: The In Tray [ARTICLE]
The newly appointed acting Chief Executive Officer to the Ghana National Petroleum Corporation (GNPC), Opoku-Ahweneeh Danquah, has an excellent profile which is believed more than qualify him for the job, particularly with his background as the Deputy Chief Executive (DCE) Technical Operation. However, he may be confronted with a tall list of challenges that he…
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Aker Energy, GNPC will engage you at the ‘appropriate time’ – Energy Ministry to Lukoil
The Ministry of Energy has responded to the Russian energy company, Lukoil’s concerns about being sidelined in the Ghana National Petroleum Corporation’s (GNPC) planned acquisition of stakes in Aker Energy and AGM Petroleum Ghana. In a letter to the Energy Minister, Lukoil said it has not been aware of and engaged in discussions of its…
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LUKOIL raises questions over government’s plan to increase its shares in DWT/CTP
International Oil & Gas Company LUKOIL has expressed concerns over government’s recent attempts to acquire a major stake in the Deepwater Tano/Cape Three Points (DWT/CTP) bloc operated by Aker Energy Ghana Limited. According to LUKOIL, being one of the main partners in the DWT/CTP project, with a 38% Licence Interest and a 42.22% Participating Interest,…
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Government supports GNPC’s decision to acquire stakes in Aker Energy, AGM Petroleum deal – NAPO
Government says it fully backs the decision by the Ghana National Petroleum Corporation, GNPC, to acquire stakes in Aker Energy and AGM Petroleum Ghana Limited. This is according to the Energy Minister, Dr. Mathew Opoku Prempeh. The 1.65 billion loan billion dollar deal has been met with stiff opposition from civil society organizations who say…
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Freddie Blay maintained as Board Chair of GNPC
The President, Nana Akufo-Addo, has re-appointed Freddie Blay as the Board Chair of the newly re-constituted seven-member board of the Ghana National Petroleum Corporation, (GNPC). Freddie Blay who has served as Board Chair for the past four years will continue in the same capacity. Mr. Blay is expected to support the management of GNPC, led…
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Dr. Osae defends concerns Auditor-General raised against GNPC’s international transactions
The Director-General of the Internal Audit Agency, Dr. Eric Oduro Osae has disagreed with the Ghana National Petroleum Corporation’s (GNPC) assertion that the requirement to seek parliamentary approval for some five international transactions, referred to in the 2020 Auditor-General’s report, does not apply to the corporation. The Auditor-General indicted the GNPC for signing and awarding…
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We don’t need parliamentary approval for international transactions – GNPC
The Ghana National Petroleum Corporation (GNPC) has described as wrong, findings by the Auditor-General, pointing to the fact that the company entered into five significant international business contracts without parliamentary approval, contrary to the provisions of Article 181 of the 1992 Constitution. According to a rejoinder published by the GNPC in response to the 2020…
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Government engages Bank of America Securities for valuation of GNPC-Aker Energy oil deal
A Deputy Minister for Energy, Andrew Egyapa Mercer, says the government has begun engaging American multinational investment banking division – Bank of America (BofA) Securities Inc. to conduct a valuation of the fields involved in the planned Ghana National Petroleum Corporation (GNPC) and Aker Energy oil bloc acquisition for oil exploration in the country. Mr.…
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GNPC’s plan to increase stake in Aker and AGM troubling – CSOs
News of efforts by the Energy Ministry to get Parliament to give them, along with the Ministry of Finance the mandate to agree on a purchase price with Aker Energy and AGM, in connection with plans by the Ghana National Petroleum Corporation (GNPC) to acquire stakes in the two oil and gas companies, has generated…
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CSOs petition Parliament over GNPC’s move to acquire stakes in Aker Energy, AGM Petroleum
A group of civil society organisations working in the extractive industry are calling on Parliament to reconsider the planned acquisition of stakes in Aker Energy and AGM Petroleum Ghana oil blocks by the Ghana National Petroleum Corporation (GNPC). The group made up of 15 civil society groups, said the possible merits of the deal “cannot…