The Ghana National Gas Company (GNGC), has said its Chief Executive Officer (CEO), Dr Ben K.D. Asante was appointed in 2017, and has remained at post ever since.

The company has also refuted reports that its Chief Executive Officer (CEO) was involved in the exposure of a GHS2 billion Ghana National Petroleum Company (GNPC)-GENSER loot through a letter.

According to the GNGC, in a statement signed by its Head of Corporate Communications, Ernest Kofi Owusu Bempah-Bonsu, the CEO “never served as the Director of Technical Regulations at the Energy Commission, and neither did he sign the aforementioned letter dated 17th February 2019 as alleged by the Herald Newspaper.”

It noted that the said publication linking its CEO to “The Energy Commission is a deliberate matter of wrongful and unfounded claims.”

The GNGC added: “We therefore demand a full retraction and an unqualified apology from the Herald Newspaper.”

The report, had alleged that the letter dated 17 February 2019, was written by the current CEO of the GNGC.

It also accused the GNGC CEO of sponsoring the negative press that Genser-GNPC is facing.

The report had further alleged that the letter was written by the GNGC CEO, in his capacity as Director of Technical Regulations at the Energy Commission rejecting the special treatment that Genser wanted from the current government, particularly when others including the Volta River Authority (VRA) were buying the same gas for USD 7.9/ mmBTU.

However, a year after the Energy Commission rejected discount arrangement for Genser, the GNPC “stepped into the fray with the USD2.79 (per MMBTU) price deal, obviously at a steep discount from the regulated price then of USD6.50.”