The Board of Directors of the Ghana National Petroleum Corporation (GNPC) has approved the payment of ex-gratia to four former employees of the corporation, comprising of two former Chief Executives and two managers.
The four are: Mr. Tsatsu Tsikata (Chief Executive); Nana Boakye Asafu-Adjaye (Ag. Chief Executive); Mr. Benjamin Dagadu (Field Evaluation and Development Manager); and Ms. Esther Cobbah (Public Affairs Manager).
[contextly_sidebar id=”lQ9TjV2WUbJQ9o3AXsd3izLFTnZU6V1S”]According to a statement from the GNPC, the four served the corporation for periods ranging between 12 and 21 years, adding that they were all removed from office in 2001, under circumstances that did not allow for the payment of their respective accumulated separation entitlements.
“The Board of Directors of the Corporation, after in-depth review of the situation, concluded that the payment of the end-of-service benefits to these management personnel, who had made invaluable contributions to the development of the Corporation, is a valid obligation. The Board took the position that meeting this obligation, however belatedly, is the right thing to do,” the statement added.
GNPC explained that it computed the amounts to be paid to each of the affected senior managers on the same basis as what has been used with respect to all staff who are made redundant or separated from the organisation.
Though the statement did not mention the amount to be paid the former GNPC heads, the minority spokesperson on Energy and Mines, K.T. Hammond had disclosed that Mr. Tsikata will receive about GHc1 million.
He further described the payment as “sickening.”
“The last thing the nation expects is for him to be rewarded about 1 million cedis of the oil money 15 year after his tenure,” he added.