{"id":72027,"date":"2023-05-30T21:42:56","date_gmt":"2023-05-30T21:42:56","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/05\/30\/immediately-transfer-shares-held-by-johl-to-gnpc-minority-to-government\/"},"modified":"2023-05-30T21:42:56","modified_gmt":"2023-05-30T21:42:56","slug":"immediately-transfer-shares-held-by-johl-to-gnpc-minority-to-government","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/05\/30\/immediately-transfer-shares-held-by-johl-to-gnpc-minority-to-government\/","title":{"rendered":"Immediately transfer shares held by JOHL to GNPC \u2013 Minority to government"},"content":{"rendered":"

<\/p>\n

\n

The Minority caucus in Parliament, has asked the government to immediately transfer shares held by Jubilee Holdings Limited (JOHL) to the Ghana National Petroleum Commission (GNPC).<\/p>\n

The NDC MPs say this will prove that the government is exercising the needed oversight of state assets.\u00a0<\/p>\n

In a press statement issued on Tuesday, May 30, and signed by the Minority Leader, Dr Cassiel Ato Forson, the caucus said the transfer will show that the government is monitoring the revenues accruing from Ghana\u2019s petroleum resources.<\/p>\n

\"Immediately<\/figure>\n

The side says it will not countenance any further delay of the transfer of the JOHL shares.\u00a0<\/p>\n

\u201cBy this statement, the Minority calls on the Akufo-Addo\/Bawumia NPP government to transfer the shares held by JOHL to GNPC without delay, in order that Ghanaians can be assured that appropriate oversight is being exercised on these assets by Parliament and other stakeholders.\u201d<\/p>\n

\"Immediately<\/figure>\n

\u201cThis will only go a long way to ensure proper accountability and effective monitoring of the revenues accruing from our petroleum resources.\u201d<\/p>\n

Recently, the Ghana National Petroleum Corporation (GNPC), has captured the headlines due to some of its questionable dealings.<\/p>\n

Its Board Chairman, Freddie Blay\u2019s attempt to offer PetroSA an equal split in the interest held by GNPC\u2019s subsidiary Jubilee Oil Holdings Ltd, hit a snag after the Energy Minister intervened.<\/p>\n

The Minister, Dr Matthew Opoku Prempeh, wrote to the President Akufo-Addo demanding his intervention.\u00a0<\/p>\n

Some 29 Civil Society Organisations (CSOs) also demanded the removal of the Board Chairman and GNPC\u2019s CEO, Opoku Awhenie Danquah.<\/p>\n

The CSOs, made up of the Africa Centre for Energy Policy (ACEP), Centre for Democratic Development (CDD-Ghana), the Chamber of Petroleum Consumers Ghana (COPEC) and 26 others, say the two men have \u201cbecome a threat to Ghana\u2019s interest in the petroleum sector.\u201d<\/p>\n

In a statement endorsed by representatives from all 29 CSOs and sighted by JoyNews, the coalition argued that a country being micromanaged by the International Monetary Fund (IMF), cannot be seen to be engaging in fiscal recklessness.<\/p>\n

The group is also demanding complete information on the AFC transaction and the actual amount that would constitute petroleum cost and the immediate closure of the Aker PoD from the Petroleum Commission and the government.\u201d<\/p>\n

However, Mr Blay in a JoyNews interview said he had ceased his involvement in the deal.\u00a0<\/p>\n

Freddie Blay said this based on the directive of the Energy Minister, Dr Matthew Opoku-Prempeh.\u00a0<\/p>\n

\u201cAs I talk to you now, I have ceased and I have desisted in accordance and with the directives of my supervising minister,\u201d he said in an interview with JoyNews on Saturday, May 26.\u00a0<\/p>\n

DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Minority caucus in Parliament, has asked the government to immediately transfer shares held by Jubilee Holdings Limited (JOHL) to the Ghana National Petroleum Commission (GNPC). The NDC MPs say this will prove that the government is exercising the needed oversight of state assets.\u00a0 In a press statement issued on Tuesday, May 30, and signed […]<\/p>\n","protected":false},"author":1,"featured_media":72028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-72027","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"\nImmediately transfer shares held by JOHL to GNPC \u2013 Minority to government - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/05\/30\/immediately-transfer-shares-held-by-johl-to-gnpc-minority-to-government\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Immediately transfer shares held by JOHL to GNPC \u2013 Minority to government - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Minority caucus in Parliament, has asked the government to immediately transfer shares held by Jubilee Holdings Limited (JOHL) to the Ghana National Petroleum Commission (GNPC). 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