"We are building a GNPC that is technically competent, commercially agile, and strategically positioned to secure Ghana's energy future," the acting Chief Executive Officer, Kwame Ntow Amoah, stressed at the corporation's Second Annual General Meeting (AGM) in Accra.

The meeting, held on the theme: "Consolidating Our March Towards Operatorship," brought together representatives from the Ministry of Finance, the State Interests and Governance Authority (SIGA), members of the GNPC Board, management and other key stakeholders.

The Minister of Energy and Green Transition, John Abdulai Jinapor, was the guest of honour.

The meeting received and considered GNPC's 2024 Annual Report, which outlined the corporation's operational and financial performance for the year under review.

The AGM also highlighted GNPC's commitment to environmental sustainability through the integration of Environmental, Social and Governance (ESG) principles and alignment with Ghana's Updated Nationally Determined Contributions (NDCs) under the Paris Agreement.

The report reflected steady performance, including stable oil production, increased gas exports, and significant progress on strategic projects.

Mr Amoah presented the highlights of the corporation’s operational performance and stated that while oil production saw a marginal decline of 0.3 per cent, gas exports rose by 10 per cent.

He cited steady progress on the Research and Technology Centre, the inauguration of GNPC's Energy House (Operational Head Office) in Takoradi, the revitalisation of its production subsidiary, EXPLORCO, and progress on the Voltaian Basin Project as major milestones.

Delivering the keynote address, the Minister of Energy and Green Transition commended GNPC for its continued role in safeguarding Ghana's petroleum interests.

Mr Jinapor, who is also the Member of Parliament for Yapei Kusawgu, urged the corporation to accelerate capacity-building efforts towards operatorship.

"The corporation serves as the state's eye in upstream partnerships.

The energy transition makes capacity building a necessity, and GNPC must continue to develop the expertise needed to operate blocks independently and sustainably," the Energy Minister stated.

Mr Jinapor also highlighted the government’s interventions to address industry challenges, including declining oil production, low investment inflows and gas infrastructure gaps. 

The energy minister gave an assurance that the Ministries of Finance and Energy were collaborating to resolve GNPC's gas debt exposure and ensure long-term financial stability.
GNPC’s Board Chairman, Professor Joseph Oteng-Adjei, said the corporation's performance demonstrated resilience and focus in advancing its operatorship agenda.

"Our focus remains building technical competence, institutional strength, and financial prudence to sustain GNPC's long-term value," he stated.

The Deputy Minister of Energy and Green Transition, Richard Gyan, who was also at the meeting, reiterated the government's confidence in GNPC's leadership and pledged continued support from the ministry to ensure the corporation's operational and financial success.
About GNPC

GNPC is the state-owned oil company mandated to explore, develop and manage Ghana's petroleum resources.