Former CEO of the Ghana National Petroleum Corporation (GNPC), Mr. Tsatsu Tsikata has dismissed claims by former deputy Energy Minister K.T. Hammond that his tenure as head of the corporation left it broke.
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I never left GNPC cash-strapped - Tsatsu
Mr. Tsikata added that GNPC had many assets, like the Discoverer 511 that was sold for 24 million dollars.
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According to him, he never mismanaged GNPC as being reported.
"GNPC was not cash-strapped at the time I left. GNPC had assets; it had liabilities of course. And this was because GNPC lacked capitalisation from the beginning of its functions. It was often having to operate under very tight circumstances. This was well known in the context of the fact that government had many responsibilities," he told Accra-based Joy FM.
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"The capitalisation that had been promised in the early stages of GNPC was never paid. So GNPC had to be resourceful in the way that we proceeded with our work," he said.
Meanwhile, the CEO of GNPC has stated that he is duly entitled to an ex-gratia payment, despite controversies surrounding it.
According to Mr. Tsikata, following his twelve years of stewardship, arguments on whether he is deserving of an ex-gratia payment from the company are baseless.
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