He was said to have died this morning from a medical condition.
Information gathered by?Spyghana?indicated that he had what was suspected to be an asthmatic attack and was rushed to a hospital.
The reports indicated that he was driving towards his home at the Spintex area in Accra, when he had the attack.
Mr Obeng, who was recently nominated by President John Dramani Mahama as a Senior Presidential Adviser at the Presidency was a chief participant at the National Economic Forum which ended just last Thursday at Senchi in the Eastern region.
President Mahama in his closing address at the forum last Thursday acknowledged his (Obeng) contribution.
Popularly known as P. V. Obeng, he was a Mechanical Engineer, politician and chairman of the Kwame Nkrumah University of Science and Technology council.
He was appointed by the late President John Evans Atta Mills administration, as chairman of the National Development Planning Commission (NDPC).
Mr Obeng was the chief consultant and Chairman of OB Associates, a public and private sector consulting firm and chairman of Ghana Agro and Food company (GAFCO).
He was a?product?of Opoku Ware School and Kwame Nkrumah University of Science and Technology (KNUST)
Mr P. V. Obeng served as the chairman of the Committee of Secretaries under the Provisional National Defence Council regime (PNDC) from 1982 to 1992.
He served as Presidential Adviser on Governmental Affairs under the National Democratic Congress (NDC ) from 1992 to 1997 and also served as Chairman of the Ghana Investment Promotion Council (G.I.P.C.) from 1992 to 1997.
In Addition, Mr Obeng was serving as a director on the Board of Guinness Ghana Limited.