GNPC fails to collect over $92m debt from TOR, Ghana Gas

GNPC fails to collect over $92m debt from TOR, Ghana Gas

The Public Accounts Committee (PAC) of Parliament on Tuesday grilled the Ghana National Petroleum Corporation (GNPC) over its failure to collect a total of $92,112,277 from the Tema Oil Refinery (TOR) and the Ghana Gas Company.

The 2012 Auditor General's Report cited the two state enterprises — TOR and Ghana Gas — for owing the GNPC $58,404,874 and $33,707,403, respectively.

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The report recommended to the management of GNPC to take steps to recover the money from the two state enterprises. Members of the PAC, therefore, expressed worry over the inability of the GNPC to retrieve the money from the two enterprises since then.

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Meanwhile the acting Chief Executive Officer of the GNPC, Mr Alexander Mould says the corporation ensured that it had agreements with the two state enterprises on the payment.He said with regard to TOR, the GNPC was yet to agree with the refinery on the payment date.

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