Parliament of Ghana has ordered Ghana National Petroleum Corporation (GNPC) to concentrate on their core activities and end all non-core activities including the Black Stars sponsorship.
GNPC signed a five year contract with the GFA to pay $3 million annually to the national team as part of its sponsorship package but is to be renewed every year. However, Parliament of Ghana who approved a report by the Public Interest and Accountability Committee (PIAC) on Thursday has indicated to GNPC to re-focus on their core mandate and nothing else.
Chairman of the Finance Committee Dr. Mark Assibey Yeboah, who read the Finance Committee’s recommendation on the PIAC report, said PIAC noted that contrary to its core mandate, GNPC also extended financial assistance to Bulk Oil Storage and Transportation Company (BOST) as well as Tema Oil Refinery (TOR)- expenditure that the report found inappropriate. He said;
“The Committee holds the view that GNPC should stick its core mandate. It, therefore, recommends that GNPC should stay away from all activities that do not come under its core function”.
The Parliamentary Select Committee on Mines and Energy in April this year told GNPC to cancel the Black Stars annual sponsorship since it was not worth it.