Spy Ghana: Ghana Government Happy With GNPC Takeover Of Ghana Gas

Government has approved the takeover of the Ghana National Gas Company by the Ghana National Petroleum Corporation (GNPC). Finance Minister Seth Terkper announced this when he presented government’s financial statement for 2015 to Parliament on Wednesday.

“The consolidation of GNPC and GNGC will make it possible to enhance a more integrated management and continue financing of projects in the oil and gas enclave immediately,” he said.

He further noted that, “It will make it possible to ease the conditions that investors impose for the national gas aggregator and start financing projects in the oil-and-gas enclave immediately.”

The GNPC recently indicated plans to secure a $700 million loan to support its exploratory activities.
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