The Minister for Energy and Green Transition, John Abdulai Jinapor, has inaugurated the newly constituted Board of Directors of the Ghana National Petroleum Corporation (GNPC), urging them to revitalize the corporation and steer it to a more sustainable and productive future.
Speaking at the ceremony, Jinapor underscored the pivotal role of GNPC in Ghana’s petroleum sector, describing it as a national asset critical to the country’s economic growth and energy security.
“GNPC is not just another state-owned institution. It is the flagship entity in Ghana’s upstream oil and gas industry. Through prudent investments and partnerships, it contributes directly to national development and ensures the country’s energy security,” the Minister stated.
He emphasized the need for visionary leadership and a proactive board capable of navigating the complex dynamics of the petroleum landscape. He challenged the board to uphold the principles of transparency, accountability, and strategic oversight in guiding GNPC through both its current challenges and emerging opportunities.
“I urge you to provide strong, strategic leadership, support the government’s efforts to expand GNPC’s operational capacity, particularly through its subsidiary, Explorco,” he added. The Minister also announced the government’s intention to review the GNPC Act, which was passed in 1983, to reflect current industry realities and global best practices.
“As a government, we want to comprehensively review and enhance the GNPC Act to meet modern standards. Oil production has declined in recent years, and our current reserves are a concern to us. However, we’ve received encouraging signals from supermajors, and this is a critical moment to reposition GNPC for the future.”
Jinapor expressed confidence in the board’s ability to deliver transformative leadership and secure a brighter energy future for Ghana.
Chairman of the new board, Prof. Joseph Oteng-Adjei, expressed gratitude to President John Dramani Mahama for the appointment and pledged to lead a results-driven board.
“We thank His Excellency the President for the trust reposed in us to reset GNPC. This is a team of diverse professionals, and we are committed to addressing the challenges within the sector. We will seek guidance from the Ministry whenever necessary, and work together to move GNPC forward,” he said.
Members of the GNPC Board are as follows:
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