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About GNPC
Strategy | Organisational Structure | Management | Annual Report | Institutional Links | News & Events

 

Mission

Our mission is to promote, explore and develop the hydrocarbon resources of the nation through lean, efficient and technology-driven investments so as to enhance the economic development of Ghana.

 

Value

Core values which we hold dear are professionalism, respect for talent, reward of merit and encouragement of teamwork. The Corporation also encourages and rewards creativity and innovation. GNPC is committed to self-discipline and to the protection of Ghana’s interest at all times.

Vision

Our vision is to become a World-Class Corporation capable of making Ghana the fastest growing destination for upstream petroleum investments in West Africa. We will place the nation on the

map of self-sufficient oil producing countries. We envision a Ghana that is vibrant, prosperous and fuelled by its own hydrocarbon resources.

 

The Mandate

GNPC was established as a State-owned entity and given legal backing by two main statutes i.e. PNDC Laws 64 and 84.

 

The PNDC Law 64 of 1983 mandates the Corporation ‘’to undertake the exploration, development, production and disposal of petroleum’’ and PNDC Law 84 establishes the legal framework governing the contractual relationship between the State, GNPC and the prospective investor in upstream petroleum operations. 

 

These two statues are supplemented by the Petroleum Income Tax Law, PNDC Law 188 of 1987.

 

The Corporation was established with the following objects:

 

·         To accelerate the promotion of petroleum exploration activities to ensure early commercial discovery and production

·         To undertake the appraisal of existing petroleum discoveries to ensure production to meet national requirements

·         To ensure that Ghana obtains the greatest possible benefits from the development of its petroleum resources

·         To obtain the effective transfer to Ghana of appropriate technology relating to petroleum operations

·         To ensure the training of citizens of Ghana and the development of national capabilities in all aspects of petroleum operations and;

·         To ensure that petroleum operations are conducted in such a manner as to prevent adverse effects on the environment, resources and people of Ghana.

 

Our History

Prior to the establishment of the Corporation, the Petroleum Department under the Ministry of Fuel and Power carried out the procurement of crude oil and petroleum products. The Technical Directorate of the Ministry of Fuel and Power and the Geological Survey Department coordinated petroleum exploration activity and received reports on operations.

 

GNPC was established to support the Government’s objective of providing adequate and reliable supply of petroleum products and reducing the country’s dependence on crude oil imports through the development of the country’s own petroleum resources.

 

In addition to the functions of co-ordinating petroleum exploration activity, the Corporation took over the assets, liabilities, and functions of the then Petroleum Department and assumed responsibility for the importation of Crude Oil and Petroleum products to meet national demand.

 

 

 

 



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