Audio By Carbonatix
The Ghana National Petroleum Corporation (GNPC) has been urged by its stakeholders to be more transparent in pricing and marketing of crude oil and gas.
Participants in a forum organized by the Public Interest and Accountability Committee (PIAC) and GNPC, say there is very little information readily available to them before, during and after the final lifting of crude oil.
The forum set the stage for participants in the oil and gas sector to share ideas and suggest best practices in pricing and marketing Ghana’s crude oil.
The chairman of PIAC, Steve Manteaw stated that the forum afforded “stakeholders the opportunity to question GNPC to explain what they do and why they do what they do to achieve higher value for this country”. I support much more transparency in the pricing and marketing than imposing certain bureaucracy in taking decision by a committee before we set our price options”.
“My major concern has to do with the tendency to contaminate the whole crude oil trade with other economic transactions that have made an impact on the achieved price” he added.
Mr Manteaw hinted that PIAC has developed a policy brief and shared with the government on how different things can be done for the country to accrue the necessary benefit.
He said almost all partners in the industry have been consistently reporting positive outcome over the years from hedging. “The time has come to seek the expertise from our partners to support us so we do same and get better returns.
A representative from the Ghana Oil and Gas for Inclusive Growth (GOGIG) Samuel Bekoe advised the GNPC to make its website updated with relevant information for the public to access.
“The transparency of GNPC must be seen through the sharing of information on their website in a timely and updated manner for all to at all times know what GNPC is doing”.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
MobileMoney Fintech calls Extraordinary General Meeting for June 12
6 minutes -
Why discipline, not ambition, will decide Ghana’s next business winners
11 minutes -
Preliminary probe points to lack of permit in Avenor building collapse
27 minutes -
Today’s Front pages: Monday, June 8, 2026
40 minutes -
Former PMMC CEO rejects pay-to-play award schemes, advocates service-driven leadership
40 minutes -
Mahama pushes for stronger Ghana-Belarus partnership in agriculture, mining and manufacturing
42 minutes -
Mahama heads to Minsk talks seeking stronger Ghana-Belarus economic ties
44 minutes -
World Food Safety Day 2026 – Accra Metro Health Director calls for action on foodborne diseases in Ghana
47 minutes -
Our exploding healthcare management issues and loss of Ghanaian lives
56 minutes -
Nana Akwasi Awuah calls for service-oriented leadership in public office
1 hour -
Sentuo Refinery takes delivery of 1 million barrels of jubilee crude for local processing
2 hours -
PMMC’s 2024 SIGA award reflects successful turnaround, says Nana Akwasi Awuah
2 hours -
Ghana makes strong investment pitch in London as Finance Minister, BoG Governor court global investors
2 hours -
Service before Uniform
2 hours -
Saudi Arabia World Cup 2026 team guide
2 hours