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PIAC Report Indicts GNPC Boss Over US$7.5 Million Building Transaction

The Public Interest and Accountability Committee (PIAC) has in a report, indicted the management of the Ghana National Petroleum Corporation (GNPC) over an acquisition of a residential property at Chapel Hill, a suburb of Takoradi in the Western Region for US$7.5 million.

It said that “there was non-compliance with the Procurement Laws of Ghana in that there was no public tender or bid”.

PIAC, in its report, particularly faulted the GNPC, Chief Executive, Kofi KoduahSarpong, saying he “acted in breach of the laws governing Conflict of Interest” in the US$7.5 million transaction.

Interestingly, when demands were made on the GNPC management by PIAC to provide“complete” information on the transaction, especially, set of minutes in respect of the transactions, it rather provided scanty and selective “extracts.”

Jan. 21, 2022