The Ghana National Petroleum Company (GNPC) has hinted of creating strategic fuel stocks as a buffer against international supply shocks. This according to the GNPC will also create fuel self-sufficiency to cushion Ghana against adverse geopolitical effects.
This was made known by the General Manager in charge of Sustainability at GNPC, Dr. Baah-Nuakor. He indicated that GNPC is also constructing a modern research and technology center that will offer an electronic storage center for GNPC geoscience, engineering and production data.
This came up when some journalists were given specialized training on how to play an effective oversight role in promoting good Governance of State-Owned Enterprises (SOE) and State Participation in the Extractives Sector. The three days training which began on Thursday 7th November to Saturday 9th November took place at the Golden Tulip Hotel in Accra and brought together journalists and editors from the whole of Ghana. The training, held under the theme “Strengthening Media Capacity to Play an Effective Oversight Role in Promoting Good Governance of State-Owned Enterprises and State Participation in the Extractives Sector”, was organized by Natural Resource Governance Institute (NRGI), a civil society organisation (CSO) that helps people to realize the benefits of their countries’ endowments of oil, gas and minerals.
It was to grow journalists’ ability to interrogate and interpret public debates on SOE governance and ensure balanced reporting with immediate objectives, to build the capacity of the media to be able to hold the Ghana National Petroleum Company (GNPC) and other extractives sector SOEs to account on corporate governance issues.