The Paramount Chief of Savulegu Traditional area, Yoo – Naa Abdulai Yakubu Andani has been sworn in as a board member of Ghana National Petroleum Corporation (GNPC).
The seven member GNPC Board is chaired by National Chairman of the New Patriotic Party (NPP) Freddie Blay, Dr K.K Sarpong as Managing Director and four others as members.
Dr. Matthew Opoku Prempeh, Minister for Energy indicated that the government of President Nana Addo Dankwa Akufo-Addo’s policy intention in the petroleum sector as anchored on LI 2204, is that Ghana should not only be the recipient of direct revenues from petroleum operations but also create value through local participation.
At a brief ceremony at the Energy Ministry, the Minister also admonished the Board to innovatively deepen its local content strategies by leveraging on best practices across the world made it clear that local content was an article of faith for me and that I was determined to ensure adherence to it.
He reminded that board that the National Oil Company has the responsibility to maximize the use of oil resources for the benefit of the present and future generations and urged them to ensure that the interest of the nation is supreme in all partnerships and operations.
He concluded that, “the GNPC is at an important stage in its quest to become an operator, and I am confident that management and board will work together to drive this agenda to place the country in a much stronger position to leverage on its oil resources in a more meaningful and impactful way”.
The Ghana National Petroleum Corporation (GNPC) is Ghana’s national oil company (NOC) and was established in 1983 by PNDC Law 64 to support the government’s objective of providing adequate and reliable supply of petroleum products and reducing the country’s dependence on crude oil imports by developing Ghana’s own petroleum resources.
The GNPC’s mandate under PNDC Law 64 of 1983, (now PNDC Act 64) is to undertake the exploration, development, production and disposal of petroleum.