Ghana National Petroleum Corporation Cut GNPC powers- Minority MPs demand

According to Isaac Assiamah, MP for  Atwima Mponua, the corporation has shown disrespect to parliament and the laws of the country in so many ways in recent times.

  • Published:
Oil Rig in Ghana play

Oil Rig in Ghana

24/7 Live - Subscribe to the Pulse Newsletter!

Some members of parliament on the minority side have called for the powers of the Ghana National Petroleum Corporation (GNPC) to be curtailed.

According to Isaac Assiamah, MP for  Atwima Mponua, the corporation has shown disrespect to parliament and the laws of the country in so many ways in recent times.

He admits that GNPC needs to be given autonomy to carry out its mandate but their powers must be regularly checked.

"The Petroleum Revenue Management Act (PRMA) says Parliament should approve of your work programme. You came to Parliament with a rental option and Parliament said no, go and build. But what did we see? They went and rented," he said.

                                                         Read More

"So, even now, they are disobeying orders and if you are not careful and you allow them to do their own things, then it will just be dangerous," he said.

With this and many other examples in place, the MP said the committee was cautious of the corporation's current requests, which are aimed at strengthening its balance sheet and legal status to maximise value from petroleum for the country.

A deputy Minister of Petroleum, Mr Benjamin Dagadu, confirmed Parliament's posture on GNPC's request in a separate interview.

He explained that the feeling by MPs was that "GNPC can overstep its boundaries if they (Parliament) are not careful."

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos





Top Articles

1 Bank of Ghana Here are the banks with the best deposit rates in Ghanabullet
2 World Food Day Ghanaians waste $6 billion worth of food a year, twice...bullet
3 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
4 Banking In Ghana BoG warns against doing business with unlicensed...bullet
5 Banking In Ghana Fidelity is the next bank to merge but you...bullet
6 Menzgold Ghana Investment company closes down its Gold Vault...bullet
7 Gas Explosion NPA closes down 21 LPG stationsbullet
8 NCA Fine Radio Gold staff appeals for funds to pay finebullet
9 Interest Rate Here are the banks offering the cheapest...bullet
10 Joint Venture GBfoods and Helios Investment partner to...bullet

Top Videos

1 Entrepreneurship Failure- How To Deal With It | StartUpSchoolbullet
2 Tappers Palms Guinness Ghana launches new productbullet
3 Entrepreneurship How to be resourceful as an entrepreneurbullet

Business