Business News of Friday, 4 March 2016

Source: B&T

Ghana Gas Board Visits Atuabo Gas Processing Plant

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The new Board of the Ghana National Gas Company (Ghana Gas) has assured staff of its readiness to work with management of the gas processing company to resolve immediate challenges facing it.

During its maiden visit to the gas facility, the Board said it will outline policies to make Ghana Gas financially independent, and ensure settlement of indebtedness by off-takers of the company’s products.

The Volta River Authority (VRA), main downstream off-taker of lean gas, owes Ghana Gas over US$250million for processed gas.

Chairman of the Board, Mr. John Armstrong Yao Klinogo, made this assurance during a visit by the Board to the Atuabo Gas Processing Plant to familiarise itself with operations of the company on Tuesday.

Other members of the Board on the familiarisation tour were Dr. George Sipa-Adjah Yankey, CEO of Ghana Gas; Mr. Alexander Kofi-Mensah Mould, CEO of the Ghana National Petroleum Corporation (GNPC); Ms. Vivienne Gadzekpo, Director of 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 implementation of the gas project’s second phase.

The Board also paid a courtesy call on the chiefs and people of the Eastern Nzema Traditional Area, and assured the community of its commitment to addressing the concerns of communities in which Ghana Gas operates.

Dr. Yankey, said Ghana Gas plans to roll-out a series of corporate social responsibility interventions in support of developmental needs for communities within its areas of operation.

The chiefs in response assured the Board of their support, and affirmed their continuous cooperation for success of the gas project and its associated community projects.