GNPC Inaugurates New Audit Committee to Enhance Governance and Accountability
The Ghana National Petroleum Corporation (GNPC) has inaugurated a new Audit Committee to strengthen its governance, accountability, and financial oversight. The ceremony, held on July 29, 2025, was presided over by Mr. Thomas Ashaley Thompson-Aryee, the Acting Director-General of the Internal Audit Agency (IAA).
Mr. Kwame Ntow Amoah, GNPC’s Acting Chief Executive Officer, emphasized the committee's importance in maintaining trust and transparency. He pledged management's full support for the new committee's work.
The committee is chaired by Mr. Benjamin Sowah Adjetey, who expressed his commitment to upholding the corporation's governance standards. The other members are Mrs. Stella Hannah A. B. Segbawu, Mr. Paul Kwasi Agyemang, Yoo Naa Andani Yakubu Abdulai, and Hon. Seidu Alhassan Alajor.
Speaking at the inauguration, Mr. Thompson-Aryee of the IAA highlighted the evolving role of audit committees in the public sector. He noted that recent parliamentary discussions underlined the need for these committees to actively contribute to the operational value and oversight of public entities. He also drew attention to recent reforms in public financial management, including the introduction of the Commitment Control Compliance Checklist (CCCC) by the Ministry of Finance. This checklist requires entities to get approval for procurement transactions above a certain threshold and mandates internal auditors to submit quarterly CCCC reports to the IAA.
Mr. Thompson-Aryee reminded attendees that the second-quarter reports were due by July 31, 2025, and stressed the importance of compliance to avoid sanctions. He also extended an invitation for GNPC leadership to attend the 2025 Annual Internal Audit Conference in November.
In his closing remarks, Mr. Amoah expressed confidence that the new committee would resolve existing audit issues and help establish GNPC as a model of accountability within the public sector.
Composition of the GNPC Audit Committee:
- Mr. Benjamin Sowah Adjetey – Chairperson
- Mrs. Stella Hannah A. B. Segbawu – Member
- Mr. Paul Kwasi Agyemang – Member
- Yoo Naa Andani Yakubu Abdulai – Member
- Hon. Seidu Alhassan Alajor – Member