The African Centre for Energy Policy (ACEP) is calling for a probe to establish the capacity of Ghana National Petroleum Corporation's (GNPC) capacity to managed oil revenues allocated to it.
The call comes on the heels of the 2014 Auditor General's reported that accused the corporation of financial irregularities.
The auditor general report that:
But ACEP in a press release signed by the Executive Director, Dr. Mohammed Amin Adam said "We therefore call for a special probe into GNPC’s finances to establish the corporation’s financial requirements, its capacity to manage oil revenue allocated to it, as well as other commercial loans it may contract; and how such financial decisions that depart from the corporations functions were arrived at."
ACEP also wants parliament to amend the GNPC law 64 to bring the corporations activities under parliamentary scrutiny.
"Parliament should amend the GNPC Law 64 to bring the corporations activities under parliamentary scrutiny, including approvals of loans, budgets, and use of resources."
ACEP also accused GNPC of being the slush fund of government.