Parliament has ordered the Ghana National Petroleum Corporation (GNPC) to stop spending resources on non-core activities, including sponsoring the Ghana Black Stars.
GNPC pays $3 million annually to the national team as part of its sponsorship package, however, Parliament on Thursday approved a report by Public Interest and Accountability Committee (PIAC) which recommended that the state corporation re-focuses its resources on core duties only.
The Black Stars of Ghana landed a sponsorship deal with GNPC in 2013 for the country’s crude oil resource managers to sponsor the senior national football team $3 million annually for five years.
Chairman of the Finance Committee Dr. Mark Assibey Yeboah, who read the Finance Committee’s recommendation on the PIAC report, said PIAC noted that contrary to its core mandate, GNPC also extended financial assistance to Bulk Oil Storage and Transportation Company (BOST) as well as Tema Oil Refinery (TOR) -- expenditure that the report found inappropriate.
“The Committee holds the view that GNPC should stick its core mandate. It, therefore, recommends that GNPC should stay away from all activities that do not come under its core function,” Dr. Assibey said on the floor of Parliament.
Parliament has for some time now found GNPC's non-core expenditure troubling.
The Parliamentary Select Committee on Mines and Energy in April this year told GNPC to cancel the Black Stars annual sponsorship since it was not worth it.
Majority Leader, Osei Kyei-Mensah-Bonsu told Kumasi-based radio station Nhyira FM at the time that the Mines and Energy Committee was not ready to approve the amount in their (GNPC) budget slated for the Black Stars.
He said Ghana Football Association (GFA) should make a case at the Presidency if the Association wants the government to sponsor the team.
Source: myjoyonline.com
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Oh, a prayer listening God, Thank You. Why, are the workers at GNPC boys? What has oil and exploration got to do with penalty and free-kicks? What nation is this that even sensitive institutions fail to understand its core mandate.
What happens to all the monies that the stars generate in their matches and also the cash grants from the FiFa and others ; your guess is good as mine ; it goes into the pockets of the GFA mafia under Nyantakyi ; these people a thiffs and criminals ; VERY GOOD DECISION BY PARLIAMENT : NO MORE 'NOKOFIO' GANG AGAIN !!!!!!!
Thank God this non.sense has stopped. that money can be in the free SHS account. thank God corr.upt nyantakyie as GFA chairman is loosing some funds. nana must task him like EC to produce all FIFA/CAF funds. has he earned anything from his profession as a lawyer?is Ghana football that has made him. we must bring him to account every euro,dollar, cedis etc. parliament must call asiamah the sports minister to account for the friendly matches in the USA recently