Confusion rocks GNPC over GH¢5.42 million gift

Reports picked up by The Herald, have revealed confusion between the management and the board of Ghana National Petroleum Corporation (GNPC) over the recent payment of GH¢5.42 million as sponsorships and donations to Okyenhene Amoatia Ofori-Panin, First Lady, Rebecca Akufo-Addo and others by the institution.

The Herald is informed that the GNPC board, has not met on the issue and has not approved the release of the amount to the individuals mentioned.

The board meeting which was to approve of the payments was boycotted by the Board Chairman, Freddie Blay and Chief Executive Officer (CEO), Dr. K.K Sarpong for no reason.

Interestingly, the memo detailing the approval had said that “At the meeting of the Board of GNPC, held on 25th October 2019, the Board approved the recommendation of the Brand, Communication and CRS Committee for the following requests”.

The memo dated October 29, 2019, was written by the Board Secretary; Matilda Ohene and addressed to the GNPC Chief Executive, Dr. K. K Sarpong.

The revelation thus contradicts claims by the General Manager-in-charge of Sustainability at GNPC, Dr. Kwame Baah Nuarko, who justified the GH¢120, 000.00 to First Lady’s Rebecca Foundation, the US1.8 million dollars for the celebration of Okyenhene’s 20th Anniversary, GH¢50, 000 to the Ghana Journalists Association (GJA), US$30, 000 to Ghana Boxing Association, including a GH¢400,000 towards the preparations of the Damba Festival, are not new as they are in line with GNPC’s vision.

“I can assure you [that], this is not the first time. This is not the first batch of sponsorship requests that have been received this year or have been approved,” Dr. Baah Nuarko told Citi FM’s Umaru Sanda Amadu on Eyewitness News, adding the budgeted donations and sponsorships, were mostly in response to requests made by various interest groups.

But The Herald’s information is that, there has not been an approval of the packages because there was no Board meeting on the said October 25, 2019 date.

It is, therefore, untrue that the board led by Freddie Blay had okayed the release of the cash as said by Dr. Baah Nuarko.

Last week, the Daily Dispatch newspaper in its November 12, 2019 edition also reported that there had not been an approval by the GNPC Board for theGH¢5.42 million payment out of a GH1552 million meant for projects and institutions.

It said “our checks at Fiesta Hotel (where the GNPC mostly hold their Board meetings) showed that only two members of the seven-member Board and the Board Secretary, Ms. Matilda Ohene, showed up. Thus, there was no quorum. For the avoidance of doubt, the Chief Executive Officer (CEO) of the GNPC and Board member was ABSENT”.

Aside Freddie Blay, who is the Board Chairman, others on the board are; Prof. J.S. Nabila, Ogyeahohoo Yaw Gyebi, Kwabena Kwakye, Yaw Kyei, Nana Adjoa Hackman and Dr. Sarpong as members. Ms. Matilda Ohene, who is the Board Secretary, is also the General Manager in-charge of Administration for GNPC.

The Herald had chanced upon a leaked memo from GNPC, showing its Board, has approved some outrageous amounts running into millions of Ghana Cedis, as donation and sponsorship requests for various institutions, including the Rebecca Foundation owned by Mrs. Akufo-Addo.

It was titled “Board Approval for payment of various sponsorship/support requests”, and shows the Rebecca Foundation allocated a colossal GH¢120, 000.00 from the coffers of the GNPC for the stated reason aside donation and sponsorship requests. There are, however, reports that this is not the first time, GNPC is sinking money into Rebecca Foundation.