Ghana National Petroleum Corporation’ (GNPC)
Ghana National Petroleum Corporation’ (GNPC)

state run oil company the Ghana National Petroleum Corporation (GNPC) has denied it had bought a 200,000 acres of land at 8.5 million US Dollars.

A statement issued here on Friday by the Corporate Affairs department of GNPC described publications claiming that the state institution had purchased such a land in the Western region, to be used as a Petroleum Hub as a total fabrication.

it explained that the Petroleum Hub project is a Government of Ghana project, led by the Ministry of Energy, adding: “GNPC by our pioneering and lead role in the Petroleum Industry will be a key beneficiary of this project as industries to be established in the Hub would use our products as raw materials in their operations.”

The state institution, according to the release has been seeking approval in its 2019 work Program to partner the Ministry of Energy in establishing the Petroleum Hub Project.

“GNPC has not acquired any piece of land for 8.5 Million dollars in the Western Region or in any other place, for the purpose stated in the publication

” The GNPC Board has not approved any such transaction, neither has the Chief Executive Officer engaged in the purchase of any such land,” the release stated.

It said the company’s 2019 work program is before Parliament, and, as of the time of the said publications it had not been approved.

“GNPC could not have proceeded to purchase land for the Petroleum Hub without Parliamentary approval,” the statement emphasized.

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