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CSOs Kick Against Attempt To Sell 50% Interest Of JOHL

The Deputy Minority Leader in Parliament has questioned the powers of the Board Chairman of the Ghana National Petroleum Corporation (GNPC) in offering PetroSA an equal split in the interest held by GNPC’s subsidiary Jubilee Oil Holdings Ltd.

The Board Chairman of the Ghana National Petroleum Corporation (GNPC) says he has stopped his attempt to offer PetroSA an equal split in the interest held by GNPC’s subsidiary Jubilee Oil Holdings Ltd.

Earlier this week, some 29 Civil Society Organisations (CSOs) demanded the immediate removal of the Board Chairman of the Ghana National Petroleum Corporation (GNPC), Freddie Blay and the acting Chief Executive Officer, Opoku Ahweneeh Danquah.

There may be far more to the alleged decision by the Board of Directors of the Ghana National Petroleum Corporation GNPC to sell 50-percent shares of stake in Jubilee Holdings Limited JOHL to PetroSA than any of the reported Civil Society Organizations CSOs protesting the proposed deal may be privy to or may have been informed about by Akufo-Addo Administration insiders who may not be happy or comfortable with the aforesaid deal See ldquo;GNPC ndash; PetroSA Deal: Sack Freddie Blay, GNP

The Board Chairman of the Ghana National Petroleum Corporation GNPC Freddie Blay has threatened legal action against some 29 CSOs calling for his resignation over a decision to sell a 50 stake in Jubilee Holdings Limited JOHL to PetroSA.

Some 29 Civil Society Organizations concerned with good governance in Ghana 39;s extractives sector have demanded answers and accountability from government over two controversial deals involving Aker Energy and PetroSA.

The Board Chairman of the Ghana National Petroleum Corporation (GNPC), Freddie Blay is seeking to offload some of Ghanas oil interests to the South African National Company (PetroSA) despite the rejection by the Minister for Energy, Dr. Matthew Opoku Prempeh, who has described the whole process as scandalous and a complete absurdity. | Pulse Ghana

The Board Chairman of the Ghana National Petroleum Corporation (GNPC), Freddie Blay has denied any wrongdoing in offering interest in Ghana’s oil fields to a South African oil company, Petroleum Oil and Gas Corporation of South Africa (PetroSA). He says he acted in the best interest of the country.  According to the former National Chairman […]