Audio By Carbonatix
The Public Interest and Accountability Committee (PIAC) has called for reforms to the composition and appointment processes of Board Members of the Ghana National Petroleum Corporation (GNPC).
This according to the committee will allow persons with the technical competence or experience in the extractives industry to provide strategic direction to the NOC.
PIAC observed that the appointment to the GNPC Board is governed by PNDCL 64, which allows all board members to be appointed by the President, on the advice of the Minister for Energy.
“It is believed that persons often affiliated with the ruling administration are appointed to the Board,” PIAC highlighted in its second Issue Paper titled, “The Role of GNPC in the Upstream Petroleum Industry: Challenges and Prospects”.
It also noted that the Board lacked institutional representation, unlike other Organisations such as the Petroleum Commission Board, which has representation from the Environmental Protection Agency, the Institution of Geoscientists, and three other persons, one of whom must be a woman.
It called for the urgent review of the PNDCL 64, which does not provide enough details on the qualifying criteria for appointment to the board of GNPC and for that matter served as an opening for the governing administration to appoint individuals “with strong allegiances to the party.”
PIAC also highlighted the need for the corporation to, among other things, take urgent action to retrieve funds owed to it by the state and other government agencies and review its Corporate Social Responsibility activities to commit more funds to cash calls and mandates, especially when its funding from the PHF is expected to cease.
“The Committee commends GNPC for its role in managing Ghana’s interest in all upstream petroleum activities for over 30 years since its establishment, however, the NOC must start refocusing on its core mandate, and increase its efforts at becoming a viable stand-alone operator,” the paper indicated.
PIAC is an independent statutory body mandated to promote transparency and accountability in the management of petroleum revenues in Ghana.
Latest Stories
-
Gender gap in agribusiness threatens Africa’s Climate resilience — NEDEA Report
1 minute -
OMCs commence increase in fuel prices; GOIL sells petrol at GH¢10.46
7 minutes -
Mother, three children drown in abandoned galamsey pit at Wassa Dankwa
9 minutes -
HIV rate in Wenchi the third highest in Bono Region
21 minutes -
First Lady Lordina Mahama enstooled Nkosuohemaa of Akroso Asukawkaw
22 minutes -
Ex-NaCCA boss Dr Prince Armah authors book to improve Mathematics teaching and understanding in JHS
32 minutes -
Africa could become a safe haven for refugees if Middle East conflict escalates — Dr Mireku
45 minutes -
Bridget Bonnie & Friends mark 6th blood drive with maternal blood bank initiative at 37 Military Hospital
54 minutes -
Old Tafo Municipal Assembly holds mass clean-up ahead of 69th Independence day
1 hour -
Saudi Aramco shuts Ras Tanura refinery after drone strike, source says
1 hour -
Opposition criticism on Ghana’s progress is politically motivated— Wonder Madilo
1 hour -
Association of customs house agents Ghana holds 5th AGM on 24-hour economy
1 hour -
Confront cocoa crisis head-on with structural reforms – Vicky Bright urges gov’t
1 hour -
Ghana has pivoted from crisis to stability, but sustainability is key – Vicky Bright on SONA 2026
2 hours -
GPL 2025/26: Antwi delivers as Dreams edge Aduana to boost survival push
2 hours
