Comprehensive  Ghana Oil and Gas news, information, updates, analysis


I’ve stopped working on GNPC-PetroSA deal – Freddie Blay

  • SOURCE: Reporting Oil and Gas | qwesa2big
    • POSTED ON: May 30, 2023

    Freddie Blay, the Board Chairman of the Ghana National
    Petroleum Corporation (GNPC) says he has stopped his attempt to offer PetroSA
    an equal split in the interest held by GNPC’s subsidiary, Jubilee Oil Holdings

    He said this is as a result of a directive given by
    the Energy Minister, Dr Matthew Opoku-Prempeh.

    “As I talk to you now, I have ceased and I
    have desisted in accordance and with directives of my supervising minister,”

    he said in an interview with JoyNews on Saturday, May 26.

    Freddie Blay has also denied any allegations in
    offering interest in Ghana’s oil fields to a South African oil company.

    The Former NPP Chairman also had the view that he
    exercised good judgment therefore, he did not see reason for demands of resignation.

    “Possibly, I could be fired, but I don’t
    see any reason why they are saying I should resign about this issue. I have
    done nothing wrong.

    “I have observed my conscience and I
    thought I was protecting the interest of the country, and I am convinced about
    it and if others think otherwise, and if those who appointed me are saying
    otherwise, then so be it,” he said in an interview with Citi FM on Tuesday, May

    29 Civil Society Organisations (CSOs) have demanded
    the removal of Mr. Blay and the GNPC CEO with regards to the allegations
    leveled against them.

    The CSOs, made up of the Africa Centre for Energy
    Policy (ACEP), Centre for Democratic Development (CDD-Ghana), the Chamber of
    Petroleum Consumers Ghana (COPEC) and 26 others, say the two men have “become
    a threat to Ghana’s interest in the petroleum sector.”

    The CSOs argue that a country being micromanaged by
    the IMF cannot be seen to be engaging in fiscal recklessness. They say that the
    government’s failure to provide transparency on these issues is a sign of bad
    faith and a lack of accountability.

    The government has not yet responded to the CSOs’

    Tagged , , , ,

    Leave a reply

    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes ( with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Twitter Activity Stream

    Partners We are proud to be associated with:

    Skip to toolbar