Board & Management Of GNPC Get 150% Increase In Allowances-Ablakwa

The investigative Member of Parliament for North Tongu constituency in the Volta region, Samuel Okudzeto Ablakwa has discovered another alleged rip-off of the national kitty by officials of the National Oil company, Ghana National Petroleum Corporation (GNPC).

According to the lawmaker, doccuments from the GNPC at his disposal revealed that, officials of the national oil company approved huge allowances for themselves at a time the central government has asked citizens to take financial haircuts of their own hard earned investments.

In a post on his X page, Mr Ablakwa who has taken parliamentary oversight responsibilities to a different level in recent times with his investigative findings published a memo allegedly emanating from GNPC where the mamanagement and Board have approved over 150% increases in travel allowances for themselves.

Read the full post by the MP as published below:

When a government asks everyone to take financial haircuts due to the effects of their economic mismanagement, we don’t expect its officials to be approving for themselves fat increments in allowances.

Intercepted memos from GNPC reveal that the Freddie Blay-led board and management have increased their allowances by up to 150% despite Ghana’s economic crisis and contrary to government’s assurances to Parliament of a general pay-cut.

Allowances for a day’s hotel rate have increased from 400 to 1000 Dollars, Euros or Pounds depending on where they travel to. Per diem for the Board Chairman has moved from 500 to 850 and from 500 to 700 for the CEO and other board members — also in Dollars, Euros or Pounds as per the travel destination.

It is even more depressing to read other memos requesting that the salary of the CEO is doubled. Angry insiders say the CEO, Mr. Opoku Ahweneeh Danquah who is President Akufo-Addo’s nephew, always gets what he wants.

This betrayal of the Ghanaian people and gross insensitivity cannot continue. I believe it is time to regulate the incestuous discretion of boards and CEOs of State-Owned Enterprises to determine their own salaries and allowances without parliamentary approval — particularly when most SOEs are being terribly mismanaged and making huge losses.

I shall in the coming days be proposing new private member’s legislation to end this detrimental practice.

For God and Country. Ghana First

By