The Public Interest and Accountability Committee (PIAC) is raising alarms about debt and the financial stability of the Ghana National Petroleum Corporation (GNPC), particularly if it loses its cash allocations from the Petroleum Holding Fund by 2026 under the Petroleum Revenue Management Act.
PIAC claims that GNPC is burdened by nearly $1 billion owed by the government and its agencies, causing significant financial “headaches,” according to Technical Manager Mark Agyemang. He advocates for a review of P.N.D.C.L 64, the law that established GNPC, to empower the corporation towards financial independence.
SOURCE: https://dew360.net
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