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GNPC sold US$5.2 billion of oil since 2011 and April 2020 - Report
The Ghana National Petroleum Corporation (GNPC) sold 73 cargos of oil, made up of 71.1 million barrels valued at US$5.2 billion, between 2011 and April 2020, the Natural Resource Governance Institute (NRGI) has said in a new report.
The report, titled “Ghana’s Oil Sales: Using Commodity Trading Data for Accountability”, used publicly available data to show the importance of GNPC’s oil sales and the need for greater accountability, as the country faces the challenge of responding to COVID-19 and debt sustainability issues exacerbated by the pandemic.
The report said the impact of the coronavirus pandemic and oil price crash on Ghana’s economy means that ensuring GNPC maximises its oil sales revenues is more important than ever.