Ghana’s Minority in Parliament, once again, chastised the management of the Ghana National Petroleum Corporation (GNPC) for what they said was profligate expenditure.
They accused the company of wanton dissipation of national resources and said the company had become a ‘monster ‘ which needed to be tamed. Leading the debate to approve the programme of action of company for 2016.
The Member of Parliament for Effutu, Mr Alexander Afenyo .Markin, said the bank guarantee of MOO million issued by the GNPC to the Electricity Company of Ghana (ECG) dung the purchase of the Karpowership ,was unconstitutional. In his view, it was only Parliament which had the tight to approve such a deal and said I ‘stead of the agreement being brought.
The Member of Parliament for Effutu, Mr Alexander Afenyo .Markin, said the bank guarantee of MOO million issued by the GNPC to the Electricity Company of Ghana (ECG) dung the purchase of the Karpowership ,was unconstitutional. In his view, it was only Parliament which had the tight to approve such a deal and said I ‘stead of the agreement being brought.
‘The actual of guarantee is not the cote mandate of the GNPC. It is only Parliament which can, for the purposes of appropriation, approve with a deal. Why should the GNPC commit money to venture that is not Its cote mandate. ‘lac asked.
The member for Atwima Mponua, Mr Isaac Awainah, said 347 million of the GNPCs moon had been ‘locked up’ at the Universal Merchant Bank and asked whether I he company had now metamorphosed into the Rank of Ghana.
Renovation of Petroleum House.
Renovation of Petroleum House.
He said the renovation of Petroleum House.one of the offices of the GNPC, had cost GHC 115.42 million and wondered how the nation could sit by and watch the company waste Ghana’s water financial resources The member for Abuakwa South, Mr. Samuel quoting from documents available to he said the GNPC had expended.
‘The issuance of a guarantee is not the core mandate of the GNPC. It is only Parliament which can, for the purposes of appropriation, approve such a deal.
Ile said the GNPC was a ‘strategic player’ in the national economy which if it engaged in prudent management practices, would swan itself off the national kitty. The member for Komenda Eguafo Abirem, Nana Ato Arthur noted that the company had budgeted its new office building that cost of that building. Has the GNPC become the new IMF, he added.
Ile said the GNPC was a ‘strategic player’ in the national economy which if it engaged in prudent management practices, would swan itself off the national kitty. The member for Komenda Eguafo Abirem, Nana Ato Arthur noted that the company had budgeted its new office building that cost of that building. Has the GNPC become the new IMF, he added.
Minister’s response
The Minister of Petroleum, Mr Emmanuel Armah Kofi-Buah,, in a response to the specific issue about the GNPC mandate said the core functions of the corporation had been spelt out clearly in PNDC Law 64. He said the corporation was mandated to undertake the exploration, development, production and disposal of petroleum products in the count ry including gas.
He said GNPC’S rule in ensuring that funds were provided for the procurement of the power plants was within its mandate. Speaker defers approval The First Deputy Speaker of Parliament, Mr Ebo Nuton-Odio, who considered all the issues brought to the fore, deferred approval of the programme until the Minister of Petroleum and officials of the GNPC had.
African Eye Report
