PIAC advocates appointment reforms to GNPC Board membership myjoyonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from myjoyonline.com Daily Mail and Mail on Sunday newspapers.
PIAC touts GNPC s prowess as key energy provider myjoyonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from myjoyonline.com Daily Mail and Mail on Sunday newspapers.
According to Section 16(4) of the Petroleum Revenue Management Act (PRMA), as amended, it is the obligation of the Minister for Finance to ensure that the Bank of Ghana transfers to a national oil company (NOC) the relevant portion of the revenue due the national oil company not later than three working days after the receipt of petroleum revenue into the Petroleum Holding Fund (PHF).
“One way for GNPC to be more resourceful, financially, while promoting autonomy and flexibility, is for the government to desist from imposing additional responsibilities and obligations on the Corporation”, it disclosed in a report titled “The Role of GNPC in the Upstream Petroleum Industry: Challenges and Prospects”.