Ghana’s gas aggregator, the Ghana National Gas Company (Ghana Gas), has refuted media reports suggesting wrongdoing in its procurement processes and the recent change of its lead insurer.
In a statement issued by Richard Ernest Kirk-Mensah, Head of Corporate Affairs, the company categorically stated that no wrongdoing has occurred regarding its procurement and insurance matters.
The statement explained that the new insurance arrangements are entirely lawful and represent an enhanced risk management strategy aimed at safeguarding the company’s assets.
It further noted that all contracts awarded to date have undergone the requisite approval processes from the Public Procurement Authority (PPA), following commitment authorizations granted by the Ministry of Finance.
The statement also reaffirmed the commitment of the Board and management to stakeholders and the general public.
The company added that it remains fully focused on delivering gas in a timely and efficient manner to ensure the nation’s energy needs are consistently met.
“As is standard practice for any robust organization, the Company will continue to review and strengthen its internal processes when necessary. This ensures that corporate governance, compliance, and risk management are effectively maintained for the ultimate benefit of the Company and all its stakeholders,” the statement concluded.
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