The new Board of the Ghana National Gas Company (Ghana Gas) has assured management and staff of the company that it would put in place policies and programmes to improve the company’s fiscal position.
The Chairman of the Board, Mr John Armstrong Yao Klinogo, gave the assurance during a visit of the board members to the Atuabo Gas Processing Plant to familiarise themselves with operations of the company.
He said his team would outline policies to make Ghana Gas financially independent and to ensure the settlement of indebtedness by off-takers of the company’s products.
The Volta River Authority (VRA), the main downstream off-taker of lean gas, owes Ghana Gas over US$250 million for processed gas.
The Chief Executive Officer of Ghana Gas and member of the Board, Dr George Adja-Sipa Yankey, said the company planned to roll out a series of corporate social responsibility interventions to support the developmental needs of the communities within its areas of operation.
Courtesy call
The Board also paid a courtesy call on the chiefs and people of the Eastern Nzema Traditional Area and assured the communities of its commitment to address their concerns.
The chiefs, in response, assured the Board of their support and affirmed their continuous cooperation for the success of the project and its associated community projects.
Other members of the Board on the tour were Mr Alexander Mensah Mould, Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Ms Vivienne Gadzekpo, Director, Legal Affairs at the Ministry of Petroleum and Awulae Amihere Kpanyinli III, Paramount Chief of the Eastern Nzema Traditional Area.
The new Board, which replaced the first board of the company, was sworn into office on February 4, 2016. It is expected to shape the future of Ghana Gas and oversee the implementation of the second phase of the gas project.
