Tag Archives: GNPC

The Auditor-General, Mr. Daniel Yaw Domelevo, has discovered $ 3.4b in unpaid penalties relating to the Petroleum Holding Fund. The latest report on the management of petroleum funds for the year ending December 2017, found that a total amount of US$220m was outstanding. Of the total amount, US$219 million represents …

Reports picked up by The Herald, have revealed confusion between the management and the board of Ghana National Petroleum Corporation (GNPC) over the recent payment of GH¢5.42 million as sponsorships and donations to Okyenhene Amoatia Ofori-Panin, First Lady, Rebecca Akufo-Addo and others by the institution. The Herald is informed that …

The Ghana National Petroleum Commission (GNPC) will continue to be afflicted with political interests and interference until non-partisan managers are appointed to lead it, the Chief Executive Officer of GASSOP Oil Kojo Poku has observed. According to him, GNPC will not be able to operate and function like other global …

The Auditor-General says it is inappropriate for the Ghana National Petroleum Corporation (GNPC) to approve sponsorship funds for the Economic and Organised Crime Office (EOCO). Daniel Domelevo said EOCO being an oversight institution like the Auditor General’s office, should have rejected the cash donation. “As an oversight body, you must …

Government has placed a temporary freeze on payments to independent power producers as it bids to renegotiate power purchasing agreements signed with the previous administration. A statement by the Finance Ministry on 20th September 2019, announced this development further reiterating the establishment of a steering committee under the Energy Sector …

A former Chief Executive Officer (CEO) of Ghana National Petroleum Commission (GNPC), Mr. Alex Mould has challenged government to publish a detailed statement on the proceeds and expenses of the Energy Sector Levy. This he said is prudent financial management and would ensure transparency in the handling of funds from …