Amid the novel coronavirus, returns on Ghana’s petroleum funds has declined by 23.48 percent for the first half of 2020 from the income accrued during the same period of 2019.According to the semi-annual report on the Petroleum holding fund, for first half of 2020, the Ghana Petroleum Funds returned a net realized income of US$8.57 million compared to US$11.20 million in the same period 2019.The...
Ghana’s Supreme Court has thrown out a suit challenging the continuous stay of the Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Dr K.K Sarpong in office.
Dr KK Sarpong was being challenged by a Deputy Youth Organizer of the opposition National Democratic Congress, Edem Agbana, over claims that he had reached retirement age.
He believed that the continuous stay in office is a breach of Article 199(1) and (4) of the Constitution.
Mr. Agbana sought an order directing Dr. Sarpong to resign immediately from his position as CEO of GNPC because he has attained the retirement age of 65 for public office holders.
The apex court dismissed the suit after the applicant on Wednesday July 29, Edem Agbana abandoned it.