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GNPC no longer cash cow – Agyarko – Starr Fm

The Energy Minister Boakye Agyarko has served notice that days when the Ghana National Petroleum Corporation (GNPC), was used as a cash cow are over. “It had a solid balance sheet and that balance sheet was leveraged to support other government entities in providing either guarantees or limited liquidity …

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Stop lending money – Akoto-Osei to GNPC – Starr Fm

The Minister for Monitoring and Evaluation, Anthony Akoto-Osei, has cautioned the Ghana National Petroleum Corporation (GNPC) against engaging in deals outside its mandate. His warning comes on the back of a PIAC report which revealed that the GNPC extended credit facilities to TOR and BOST. Speaking to Starr Business, …

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GNPC releases $1.5m for Appiah’s unpaid salary – Starr Fm

The Ghana National Petroleum Company (GNPC) has released 1.5 million dollars to the Ministry of Youth and Sports to offset unpaid arrears of the Black Stars technical team. The Ministry is expected to use part of the money to settle unpaid salaries of Coach Kwasi Appiah and his backroom …

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Procurement delays threatening oil exploration – GNPC – Starr Fm

The Ghana National Petroleum Corporation, GNPC,  has bemoaned what it describes as the  unnecessary delays in gaining approval from the Ghana Procurement Authority for oil  exploration in the Volta basin. In a remark Thursday July, 2017 at the commissioning of the FPSO J.A Kufuor to begin formal exploration on …

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GNPC must stop financing Ghana – I. Coast maritime case – PIAC – Starr Fm

The Ghana National Petroleum Corporation (GNPC) is being asked to halt financing the ongoing Maritime Dispute between Ghana and Ivory Coast on behalf of the government. It follows the 36 percent rise in financing the dispute from $1.81 million in 2015 to $2.82 million in 2016. This is contained …

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GFA must be transparent – Sports Minister – Starr Fm

Sports Minister Isaac Asiamah insists his outfit will place greater emphasis on transparency and accountability in the use of the GNPC sponsorship package to the Ghana FA. According to the legislator, GNPC’s $3 million-a-year sponsorship of the senior national team, the Black Stars, will now be monitored with an …

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GNPC end Black Stars $15 million sponsorship – Starr Fm

The Ghana National Petroleum Corporation has terminated its sponsorship agreement with the Black Stars. The state-owned oil exploration firm say it’s not financially viable to continue its financial obligation to the national team.  GNPC’s decision to pump a staggering $3million into the Black Stars annually sparked controversy in the West …

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GNPC’s Black Stars deal wasteful – Majority Leader

Majority leader in parliament Osei Kyei Mensah-Bonsu has condemned the state’s petroleum firm GNPC over their use of a 30% of the national kitty on sponsorship to the football sector. The legislator has questioned GNPC’s decision to pump a huge sum of its investments into sponsoring the Black Stars …

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Kufuor govt didn’t set up C’ttee to sell drillship – Dapaah  

The National Security minister-designate, Albert Kan Dapaah, has denied the knowledge of a committee that was set up to sell the Ghana National Petroleum Corporation’s drillship. The GNPC’s drillship, Discoverer 511, was sold to pay off a US$19 million judgment debt owed to French multinational bank, Societe General. The …

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