A major turf war appears to have broken out between the Management of Ghana Gas Company (GNGC) and the Ministry of Energy and Petroleum.
Whereas the Ministry in a press statement on Thursday announced complete takeover of Ghana Gas by the Ghana National Petroleum Coorperation, the Board Chairman of the company, Dr Kwesi Botwey, issued a counter statement hours after the Ministry’s announcement, challenging the take-over claims.
A press statement issued by the Ghana Gas Company later on Thursday and signed by the Board Chairman, Kwesi Botchwey described the statements suggesting that the takeover has been concluded as “surprising and premature.”
[contextly_sidebar id=”V4T9kIBA9dCGTRelgImdaUZFNcsgrkGo”]According to GNGC, “the Board & Management of Ghana Gas have not held a single meeting with the Transaction Advisor (who a statement from the Minister for Finance said has been appointed), neither has the Transaction Advisor requested the Company to provide it with any information.”
“ It cannot therefore be said that the process has been undertaken and concluded,” it added.
GNGC stated that “while the Board has become aware of government intention, through its announcement in the Budget & Financial Estimates of 2015, to transfer its ownership of Ghana Gas to the GNPC, as a limited liability company, the Board of Ghana Gas has as of today not passed any resolution nor has the Board filed the necessary papers to effect the change in ownership.”
It said Ghana Gas Company is “yet to receive any written indications from either the Minister for Finance or Minister for Energy on the takeover decision and the way forward as the Company prepares to meet the Transaction Advisor.”
It therefore urged all stakeholders to allow the appointed Transaction Advisor (PricewaterhouseCoopers) to undertake its assigned task before arriving at any conclusions.
By: Marian Efe Ansah/citifmonline.com/Ghana