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
-
Sankofa Gold targets 70kg output after 9-month shutdown
42 seconds -
Tamale, Bolgatanga had just one Legal Aid lawyer between them – Kwesimintsim MP
8 minutes -
PAC orders eviction of former irrigation company MD from official residence
12 minutes -
Legal Aid Commission has offices in only 45 of Ghana’s 261 districts, needs 180 more staff
14 minutes -
Challenging Heights welcomes Ghana’s Tier 1 ranking, calls for more anti-trafficking funding
34 minutes -
Cedi extends depreciation against dollar; going for GH¢12.10 at forex bureaus
35 minutes -
ECG cannot keep lending electricity for free
37 minutes -
No trader will be evicted from Aboabo Market after redevelopment – Mahama Ayariga assures traders
45 minutes -
GAUA to communicate decision on strike suspension after Tuesday
49 minutes -
Moody’s upgrades Ghana’s credit ratings to B3, but changes outlook to stable
55 minutes -
‘I want to raise well-rounded individuals, not just men’ – Kate Addo on parenting boys
59 minutes -
Yaa Konadu Agyeman’s ‘Exceptionally Yours’ is the perfect romance read for the holiday season
1 hour -
‘You have to man up’ – Kobby Kyei on the hidden cost of silence for Ghana’s boys
1 hour -
DVLA extends regional office hours to 10pm under 24-Hour Economy
1 hour -
‘Ghanaians are becoming like Kweku Ananse’ – Agyinasare warns against culture of lies
1 hour