The Board Chairman of the Ghana National Gas Company Limited, Hon. Kofi Totobi Quakyi, has reaffirmed the company’s commitment to integrity, accountability, and productivity as it embarks on a new strategic path under renewed leadership.
Presenting his statement at the company’s Annual General Meeting (AGM), the Chairman said Ghana Gas recorded strong operational performance in 2024, but also faced serious governance challenges that must be addressed decisively going forward.
According to Hon. Totobi Quakyi, Ghana Gas exceeded its revenue targets and achieved several major milestones, including:
The acquisition of the Ghana Cylinder Manufacturing Company, expanding its revenue base and advancing the national energy transition.
Completion of a 3.8-kilometre pipeline extension to the Tema Free Zones enclave to boost industrial gas supply.
Signing of a landmark Gas Sales Agreement with Tetracore Limited, paving the way for Ghana’s first Compressed Natural Gas (CNG) project.
Progress on fundraising and planning for the second Gas Processing Plant (GPP II) to expand processing capacity and enhance energy security.
He noted that the company also invested significantly in human capital and community development, including staff training, scholarships, and social infrastructure projects.
However, the 2024 audit report revealed critical governance lapses, such as procurement irregularities, inflated property purchases, weak institutional controls, and poorly monitored CSR interventions.
“These findings pointed to recurrent infractions, not isolated lapses,” he cautioned. “Our task now is to draw lessons from them and apply greater discipline as we move forward.”
Hon. Totobi Quakyi outlined a new strategic focus anchored on productivity, accountability, and integrity, aimed at repositioning Ghana Gas for sustainable growth and stronger corporate governance.
The company will enforce strict compliance with the Public Procurement Act and Public Financial Management Act.
Governance structures will be strengthened to clearly separate the Board’s policy role from management’s operational responsibilities.
A comprehensive HR rationalisation and automation plan will be implemented to enhance efficiency and end ad hoc staffing practices.
CSR initiatives will be restructured into well-monitored, high-impact programmes to ensure value for communities.
“Our vision is to make Ghana Gas a model of good governance, operational excellence, and structured social impact,” the Chairman emphasised.
Touching on the broader energy landscape, the Chairman highlighted the need for strong collaboration among state-owned enterprises including GNPC, GRIDCo, VRA, and Ghana Gas, describing their collective performance as critical to national energy security.
He commended the Ministry of Energy and Green Transition for its leadership and policy direction, which he said continues to sustain stability within the energy sector.
Concluding his remarks, Hon. Totobi Quakyi described 2024 as “a year of impressive operational delivery and a wake-up call for stronger governance.”
He pledged the Board’s commitment to ensuring that Ghana Gas remains not only a reliable processor and supplier of natural gas, but also a benchmark for transparency, discipline, and impact-driven leadership.
“Ghana Gas remains a national asset for all Ghanaians,” he affirmed. “Our dedication, as Board, Management, and Staff, is to its progress and sustainability, in alignment with the development vision of His Excellency President John Dramani Mahama.”
Source: Myxyzonline.com/Belinda Anim-Piesie
