The Chairman of the Board of the Ghana National Petroleum Corporation (GNPC), Freddy Worsemao Armah Blay, has said the allegations surrounding the supposed “surreptitious,” “clandestine,” and “scandalous” sale of the so called GNPC shares are unequivocally false. According to him, there was “no intention by GNPC or me as its Chairman, to divest seven per […]
Mr. Freddie Blay, the Chairman of the Ghana National Petroleum Corporation (GNPC) and former New Patriotic Party (NPP) chairman has responded to the demands from some Civil Society Organisations (CSOs) urging him to step down. The calls for his resignation came after the GNPC announced plans to sell a 50% stake in Jubilee Holdings Limited […]
In its quest to strengthen its foothold in the country’s oil and gas industry, the Ghana National Petroleum Corporation (GNPC) has acquired commercial interests in the Jubilee and the TEN fields. The national oil company now has seven per cent commercial interest in both the Jubilee and the TEN fields, having taken over part of […]
The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Wednesday, 19th August 2020, cut the sod for the commencement of construction of the Operational Headquarters of the Ghana National Petroleum Corporation. This, is in fulfillment of a key manifesto pledge made by the New Patriotic Party (NPP) to the people of the Western Region, […]
Springfield Exploration and Production (SEP) Limited and its Partners, Ghana National Petroleum Corporation (GNPC) and GNPC EXPLORCO, officially announce significant oil discovery following its maiden Afina-1 well drilling campaign in the West Cape Three Points (WCTP) Block 2, offshore Ghana. Afina-1 which is located at a water depth of 1030 metres was drilled to a […]
The Public Interest and Accountability Committee (PIAC), has asked Parliament to immediately step in and put a cap on the Ghana National Petroleum Corporation’s (GNPC) Corporate Social Investment. PIAC fears GNPC may veer off its core mandate if it continues with its current expenditure trends. The committee reiterated the position following memos emerging from the […]
Story by: Enoch Darfah Frimpong The Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Dr K.K. Sarpong has denied owning Fuel Trade as claimed by policy think tank, IMANI Africa. IMANI Africa had accused Dr Sarpong of engaging in a conflict of interest situation in a US$4.4 billion petroleum agreement between Ghana and […]
The overlord of the Dagbon Traditional Area, Yaa Naa Abukari Mahama II is calling on government to ensure that oil revenues accruing to the country benefits all the communities in which the resource is found. In his estimation, this will help aid in the rapid development of communities in which the resource and found and […]
Ghana has yet again discovered large deposits of oil ready for commercial exploration. In what is a major oil discovery, the Norwegian company Aker Energy ASA announced on January 10, 2019 that based on existing subsurface data from seismic, wells drilled and an analysis of the Pecan-4A well result, the existing discoveries are estimated to […]
Chief Executive Officers (CEO’s) of eight (8) State Owned Enterprises and state programs will on Monday December 10, 2018 outline details of a turnaround in their operations over the last 23 months of the Akufo-Addo administration. They include the: Accra Digital Centre, Ghana National Petroleum Corporation (GNPC), Ghana Free Zones Authority (GFZA), State Housing Company, […]
President Nana Addo Dankwa Akufo-Addo says the modest successes chalked by his government in the quest to transform Ghana’s economy, over the past 20 months, is being recognized by the global business community which is now eager to engage with Ghana. According to President Akufo-Addo, his government’s overarching goal to diversify the Ghanaian economy, from […]
