Ghana Gas Company (Ghana Gas) has confirmed its readiness to work with the gas processing company management to resolve its immediate challenges facing it. Ghana gas new board has outlined policies that will make the company financially independent, and ensure settlement of indebtedness by off-takers of the company’s products.
Volta River Authority
Ghana’s main downstream off-taker of lean gas, the Volta River Authority (VRA), owes Ghana Gas over US$250m for processed gas. This has been confirmed by John Armstrong Yao Klinogo, Ghana Gas board Chairman, during a visit by the Board to the Atuabo Gas Processing Plant to familiarise itself with the operations of the company on March, 1 2016.
Present on the familiarization tour with other members of the Board was Ms. Vivienne Gadzekpo, Director of Legal Affairs at the Ministry of Petroleum; Dr. George Sipa-Adjah Yankey, Ghana Gas CEO; Alexander Kofi-Mensah Mould, CEO of the Ghana National Petroleum Corporation (GNPC) and Paramount Chief of the Eastern Nzema Traditional Area, Awulae Amihere Kpanyinli III.
The new Board which was sworn into office on February 4, 2016 to replace the first Board of the company is expected to oversee implementation of the gas project’s second phase and shape up the future of Ghana Gas.
The board has as well assured the chiefs and people of the Eastern Nzema Traditional Area, and assured the community of its commitment to addressing the concerns of communities in which Ghana Gas operates. The chiefs however responded assuring the Board of their support, and affirmed their continuous cooperation for success of the gas project and its associated community projects.
According to Dr. Yankey Ghana Gas has plans to roll-out a series of corporate social responsibility interventions in support of developmental needs for communities within its areas of operation. In recent years the company has stepped up efforts to boost gas processing in the country seeking to boost energy in Ghana.