The Member of Parliament for Abuakwa South, Samuel Atta Akyea believes that the Ghana National Petroleum Corporation (GNPC) can be a major source of revenue for Ghana’s economy if it should have proper alignment.
He said this in Parliament while contributing to a motion to adopt a report on the floor of parliament on November 2, 2022.
This was similar to a comment by his colleague lawmaker for Pru East Dr Kwabena Donkor who says, the operations of the GNPC needs to be checked to avoid bankruptcy.
Commenting on the report, Mr Samul Atta Akyea said “As my colleague Dr Donkor has righty said, GNPC can be the cash cow of our economy if it should have proper alignment, I agree.”
He further highlighted some a major challenge facing the GNPC,
“One challenge of GNPC which we shouldn’t ignore is the hard fact that, moneys due GNPC can be taken from them by the Ministry of Finance for other purposes.
“There is this understanding that, relating to the state companies, the moneys of the companies are not theirs and that the Ministry of Finance, whenever there is a challenge, can do some maneuvering and takeover the moneys and probably, in good times, these moneys would be returned to the companies.
“There have been instances where the moneys were never returned to the companies and the consequences is clear that that state institution will be deprived of the needed capital to do what is expected of it.”he added.
Source: theGhanaianvoice.com