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Ghana: Stop sponsoring Black Stars – Parliament cautions GNPC

The Parliament has admonished the Ghana National Petroleum Corporation (GNPC) to desist from sponsoring the Black Stars and other state entities and focus on its core mandate  relating to oil exploration.

The House gave the advise on Thursday during the consideration a report of the Finance Committee on the 2015 Annual report of the Public Interest and Accountability Committee (PIAC) on the management of petroleum revenues.

Chairman of the Finance Committee of Parliament, Hon. Mark Assibey Yeboah , MP for New Juaben South who presented the report of the committee said the committee holds the view that “GNPC should stick to its core mandate and recommends that it stays away from all activities that do not come under its core mandate.”

He said the committee noted that contrary to its core mandate GNPC extended financial assistance to Bulk Oil Storage and Transportation (BOST) Company as well as Tema Oil Refinery (TOR) adding that it was  explained that those assistance were more of a loan to government as well as strategic support.

The Committee he said after careful observation was not pleased with GNPC’s efforts to retrieve its debts as it is likely to adversely affect its operations within the nearest future and recommends that it takes appropriate measures to collect its outstanding debt.

Member of Parliament for Old Tafo, Dr. Anthony Akoto Osei in a contribution to the motion to adopt the report questioned why GNPC would go beyond its mandate and stressed  the need to take a second look at the matter.

“Mr. Speaker, this (report) is for the year 2015 and GNPC got into the business of being a bank lending money to TOR, BOST and giving money to the Black Stars. The question we need to ask is whether GNPC is a bank. Since when did its mandate include lending money to state institutions? We need to take this matter very seriously,” he said .

“We know what happened with the Black Stars (in 2014) and it was very embarrassing to the government. We know that this is not their core mandate and it needs to focus on that.
Going forward, we need to make sure that GNPC stops this bad habit of being a bank.”

Others members who contributed to the motion supported the call and urged the GNPC to stay focused.

Source: Gily Sparks | parliamentafrica.com

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