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Business News Tue, 16 Jul 2019

Why Akufo-Addo shouldn't appoint heads of oil and gas institutions - Jantuah explains

Chief Executive Officer (CEO) of African Energy Consortium Limited, Kwame Jantuah, says the Ghana President should not be the one to appoint persons to head institutions such as the Ghana National Petroleum Corporation (GNPC).

According to him, the appointment of such individuals could lead to massive losses in the petroleum industry.

The Energy analyst explained that the government must subject heads of institutions like the GNPC to thorough interviews and vigorous selection processes to determine their knowledge of the petroleum industry before they are hired.

“We need to change the way we put our CEOs and those in charge of the oil sector in place. Why should it be the responsibility of the President to choose GNPC’s CEO? Why should it be the President to choose the head of the Petroleum Commission?

“In some countries, if you have not worked in the oil industry for a long time and you are not seasoned, you can’t take over those positions. Brazil is one of them. You have to work in the oil industry and you have to be proven that you understand what it means to work in the oil industry,” Mr. Jantuah stated.

He has since suggested to the government to desist from appointing persons who lack the right expertise to head public institutions in the oil and gas industry.

Source: ghanaguardian.com