Business News of Wednesday, 25 January 2017
Source: Graphic online
The New Patriotic Party (NPP) government has appointed Dr Kofi Kodua (KK) Sarpong as the Chief Executive Officer(CEO) of the national oil company, Ghana National Petroleum Corporation(GNPC).
Dr Sarpong replaces Mr Alexander Kofi-Mensah Mould who has occupied the post since 2013. He is currently the chairman of the Board of Directors of Royal Bank.
Dr Sarpong was the former CEO of the Tema Oil Refinery (TOR) and was appointed the Executive Chairman of Kumasi Asante Kotoko by the Asantehene Otumfuo Osei Tutu in 2010, a post he held till he resigned in 2013.
He was until July 31, 2012 the Executive Chairman of Finatec Limited a consortium of Chartered Accountants, Lawyers and Investment Experts.
He previously worked as the Deputy Managing Director and subsequently as the Managing Director of Tema Oil Refinery Limited from September 2003 to August 2009.
Dr. Sarpong garnered his International working experience with International Cocoa Organization as the Head of Administration and Financial Services Division from January 1999 to 2003.
At the Ghana Cocoa Board, Dr. Sarpong worked as Deputy Chief Executive (Finance and Administration) from 1994 to December 1998. He worked with Produce Buying Company Limited as the Deputy Managing Director (Finance and Administration) from July 1990 to August 1994.
At Ghana Food Distribution Corporation, Dr. Sarpong worked in various capacities as Deputy Chief Accountant, Accountant and General Manager (Finance and Administration).
Dr. Sarpong has also served in Non-Executive and Advisory Positions in different organizations including serving on the boards of reputable Ghanaian banks including Ghana Commercial Bank and Merchant Bank from 1996 to 2010.
Dr. K.K. Sarpong is a Chartered Accountant and also holds a PhD in Industrial and Business Studies from the University of Warwick, M.Acc in International Accounting and Finance from the University of Glasgow.
He also holds an MBA in Accounting and B.Sc (Administration) Accounting Option from University of Ghana Legon.
Dr Sarpong also guided Kotoko to back-to-back Ghana Premier League titles.