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Message: [QUOTE="Munyaradzi Mafaro, post: 48366, member: 636"] Ghana plans to revamp the old laws that control its national oil company after 42 years. Energy Minister John Abdulai Jinapor made the announcement during Monday ceremonies for the new GNPC board members. The government wants fresh rules that match what other countries do with their petroleum companies. Officials say the current 1983 law feels outdated and needs major changes. Leaders hope updated regulations will help the corporation work better. Oil production keeps dropping across Ghana as experts worry about future supplies running low. Major international oil companies are showing strong interest despite these problems. The minister believes this attention creates perfect timing to rebuild GNPC for coming decades. He pushed the new board to boost performance and make sure the company survives long term. Smart planning and good partnerships remain essential for success. GNPC plays a huge role as the top player running Ghana's upstream oil and gas business. The corporation helps drive economic growth and keeps energy supplies stable across the nation. Minister Jinapor wants board members to show strong leadership and stay transparent about operations. He also urged them to expand capabilities through the Explorco subsidiary. Careful investments and strategic alliances support national development goals. Professor Joseph Oteng-Adjei takes charge as the new board chairman after receiving presidential appointment. He thanked leaders for trusting the team to guide GNPC forward during challenging times. The diverse group brings different skills to tackle sector problems head-on. Other members are Kwame Ntow Amoah, Hajia Zuwera Mohammed Ibrahim, Seidu Alhassan Alajor, Mawutor Agbavitor, Kwame Jantuah and Andani Yakubu Abdulai. They promise results-focused work with ministry cooperation. [/QUOTE]

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