The Ghana National Petroleum Corporation (GNPC) is a state agency responsible for the exploration, licensing, and distribution of petroleum-related activities in Ghana.
History
GNPC is Ghana's National Oil Company (NOC) which was established in 1983 to replace the Petroleum Department which was an agency under the Ministry of Fuel and power. The department was responsible for the importation of crude oil and petroleum products for the Ghanaian economy. The mandate for oil exploration was held to be the Technical Directorate of the Ministry of Fuel and Power and the Geological Survey Department. The corporation was created to promote the Government of Ghana's objective of supplying adequate and reliable petroleum for the country and the discovery of crude oil in the country's territories. And also to help in reducing the country's dependence on crude oil imports, through the development of the country's own petroleum resources.
Board Members
Freddie Blay
Board Chairman
Opoku-Ahweneeh Danquah
Ag. Chief Executive
Yoo Naa Andani Yakubu Abdulai V
Board Member
Kwabena Kwakye
Board Member
Nana Ogye Ahohoo Yaw Gyebi II
Board Member
Madam Ama Gyamfuah Abrefa
Board Member
Yaw Kyei
Board Member
Management Team
Opoku-Ahweneeh Danquah
Ag. Chief Executive Officer
Joseph Dadzie
DCE, Commerce, Strategy and Business Development
Benjamin Acolatse
DCE, Finance and Administration
Victor Sunu-Attah
GM, Engineering
Cherrison Eleazer Shooter
GM, Finance & Accounting
Alex Prempeh Kwarteng
GM, Projects
Alex Prempeh Kwarteng
GM, Projects
Adwoa Afriyie Wiafe
GM, Legal & Compliance
Anthony Kobina Ampofo
GM, Commerce
Dominic Kwesi Eduah
Executive Director, GNPC Foundation.
Mandate
The corporation was established as a state-owned company with the statutory backing of PNDC Laws 64 and 84. The laws mandated the corporation to engage in exploration, production and disposal of petroleum products. The laws also established the legal structure that informed the corporation in contractual agreements between the Government of Ghana and private oil exploration companies. In 1987, the Petroleum Income Tax Law were added to the corporation's mandate to permit it to tax various petroleum products for consumption. The law was the PNDC Law 188.
The Objectives of the Ghana National Petroleum Corporation
Mission: The mission of the Ghana National Petroleum Corporation is to lead the sustainable explorable, development, production and disposal of the petroleum resources of Ghana by leveraging the right mixture of domestic and foreign investment in partnership with the people of Ghana.
Vision: The vision is to be leading global oil and gas company, whose operations would have a profound impact on the quality of life of the Ghanaian people.
Core Values: The core values of the GNPC are;
- Professionalism
- Reward of Merit
- Respect for Talent
- Team work
- Creativity and Innovation
Functions
Promoting petroleum exploration efforts is one of the corporation's duties. The institution also appraises existing petroleum discoveries, and to ensure that Ghana benefits the most from the development of the country's petroleum resources. The corporation promotes the training of Ghanaians in petroleum-related activities and ensures environmental protection in all petroleum-related activities.