How GNPC CEO, board members, other officials increased their allowance by 150% – Ablakwa details

How GNPC CEO, board members, other officials increased their allowance by 150% – Ablakwa details

Ablakwa, appalled by the above wondered why despite the government asking institutions to be circumspect with their spending due to the economic crisis, some of its officials awarded themselves with more than double their allowances.

“When a government asks everyone to take financial haircuts due to the effects of their economic mismanagement, we don’t expect its officials to be approving for themselves fat increments in allowances.”

“Intercepted memos from GNPC reveal that the Freddie Blay-led board and management have increased their allowances by up to 150% despite Ghana’s economic crisis and contrary to government’s assurances to Parliament of a general pay cut,” Samuel Ablakwa noted.

He also raised the issue of nepotism while calling out the Chief Executive Officer of the GNPC, Opoku Ahweneeh Danquah, for acting in ways he deems to be detrimental to the collective interest of the company and the country.

He made further revelations about the desire of the CEO to have his salary doubled.

“It is even more depressing to read other memos requesting that the salary of the CEO be doubled.

Angry insiders say the CEO, Mr. Opoku Ahweneeh Danquah who is President Akufo-Addo’s nephew, always gets what he wants.”

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He added, “This betrayal of the Ghanaian people and gross insensitivity cannot continue.”

The Ranking Member of the Foreign Affairs Committee said it was time to strictly regulate the “incestuous discretion” of heads of State-Owned Enterprises who decide on their salaries without a nod from parliament.

“I believe it is time to regulate the incestuous discretion of boards and CEOs of State-Owned Enterprises to determine their salaries and allowances without parliamentary approval — particularly when most SOEs are being mismanaged and making huge losses.”

He has vowed to propose a private member’s bill to end this “detrimental practice”.

When a government asks everyone to take financial haircuts due to the effects of their economic mismanagement, we don’t expect its officials to be approving for themselves fat increments in allowances.

Intercepted memos from GNPC reveal that the Freddie Blay-led board and… pic.twitter.com/Bhxkh1Kdfr

— Sam Okudzeto Ablakwa (@S_OkudzetoAblak) March 12, 2024

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Written by Ghana Education News Editorial Staff

The Ghana Education News Editorial Staff is comprised of seasoned education consultants, policy analysts, and verified journalists dedicated to providing accurate, timely, and credible updates on the Ghanaian GES curriculum, WAEC updates, and academic leadership.