The Ghana National Petroleum Corporation (GNPC) would from next year turn to the  international capital market to raise funds.

The  corporation would also be turning to rating agencies to ascertain its credit worthiness in a bid to aid the issuance of  its corporate bonds.

This is expected to help the state-owned oil and gas  exploration firm get a good rate for its bond issuance.

Chief Executive of GNPC, Alex Mould, said the move is part of efforts to make the corporation self sustainable.

"GNPC should be stand-alone company. [GNPC] should not rely on government for subsidies or sustenance...We should be able to go out there, raise money for the project that will help GNPC act as an enabler in [the oil and gas] industry", said Mr Mould.

[Listen to Mr Mould on audio below]

If this move materialises then GNPC could be issuing a  corporate-rated bond to investors outside Ghana.

The Ghana National Petroleum Corporation (GNPC) is in the news for initiating a $700 million loan without approval from Parliament.

Although the Corporation maintains it needs no such approval to secure the loan, New Patriotic Party (NPP) Parliamentarians and other analysts have that is not the case.

The NPP Parliamentarians are initiating a process to drag GNPC to court over the matter.

[Story by George Wiafe. Editing and additional reporting by George Nyavor].