Meanwhile, the Auditor General’s Department in its 2017 report on public boards indicted management of Ghana National Petroleum Corporation for failing to recover an amount of GhC 778,565,761 from government and other state owned enterprises.

The report also noted that the amounts owed by the government of Ghana, Finance Ministry, Tema Oil Refinery, Ghana Gas have been outstanding since 2015.

Mr Dadzie further disclosed even though the corporation has put measures in place to recover the debts, the development has gravely affected the cash flow of the corporation.

“We don’t have a choice in the matter, we belong to the state so if the state refuses to pay the amount there is really nothing we can do. We have some challenges with cash flow, especially in the era where crude oil prices plummet, it has hit us very hard as far cash flow issues are concerned” he said.

However, during the sitting, there was a heated exchange over GNPC’s allocations to Okyehene, EOCO, and the Rebecca Akuffo-Addo foundation among others. Member of Parliament for Ningo Prampram asked why the above mentioned entities received their donations directly from the Corporations coffers without routing through the GNPC foundation.

The question erupted a heated argument which brought an abrupt end to the proceedings.

Source madina