The Ghana National Gas Company has issued a clarification addressing recent media reports alleging irregularities in its procurement and contract renewal processes, particularly relating to the selection of a new lead insurer.
In a statement released by the company’s Head of Corporate Affairs, Richard Ernest Kirk-Mensah, management said the reports were largely based on misunderstandings surrounding routine changes in its insurance arrangements, which were carried out after the expiration of existing contracts at the end of the year.
According to the company, the transition to a new insurance provider formed part of standard operational procedures and was implemented as part of a broader risk management strategy aimed at strengthening the protection of its assets.
“The new insurance arrangements are entirely lawful and reflect an enhanced approach to risk management,” the statement emphasized, adding that no wrongdoing had occurred in any of the procurement activities under scrutiny.
Ghana Gas further disclosed that all contracts awarded to date have followed due process, including approvals from the Public Procurement Authority, as well as prior authorizations from the Ministry of Finance.
Management reaffirmed its commitment to transparency, accountability, and good corporate governance, stressing that it remains focused on ensuring the reliable and efficient delivery of natural gas to support Ghana’s energy needs.
The company also noted that it will continue to review and strengthen its internal systems and compliance structures where necessary to maintain high standards of corporate governance and risk management for the benefit of stakeholders.
Ghana Gas urged the public to disregard claims suggesting impropriety, reiterating its dedication to its mandate and national energy security.
By 1960news.com
