Ghana National Petroleum Corporation
The Ghana National Petroleum Corporation (GNPC) is a state agency responsible for the exploration, licensing, and distribution of petroleum-related activities in Ghana. History
GNPC is Ghana's National Oil Company (NOC) which was established in 1983 to replace the Petroleum Department which was an agency under the Ministry of Fuel and power. The department was responsible for the importation of crude oil and petroleum products for the Ghanaian economy. The mandate for oil exploration was held to be the Technical Directorate of the Ministry of Fuel and Power and the Geological Survey Department. The corporation was created to promote the Government of Ghana's objective of supplying adequate and reliable petroleum for the country and the discovery of crude oil in the country's territories. And also to help in reducing the country's dependence on crude oil imports, through the development of the country's own petroleum resources. Board Members
 Freddie Blay
Board Chairman

 Opoku-Ahweneeh Danquah
Ag. Chief Executive

 Yoo Naa Andani Yakubu Abdulai V
Board Member

 Kwabena Kwakye
Board Member

 Nana Ogye Ahohoo Yaw Gyebi II
Board Member

 Madam Ama Gyamfuah Abrefa
Board Member

 Yaw Kyei
Board Member

Management Team
 Opoku-Ahweneeh Danquah
Ag. Chief Executive Officer

 Joseph Dadzie
DCE, Commerce, Strategy and Business Development

 Benjamin Acolatse
DCE, Finance and Administration

 Victor Sunu-Attah
GM, Engineering

 Cherrison Eleazer Shooter
GM, Finance & Accounting
	 		 		 
 Alex Prempeh Kwarteng
GM, Projects

 	 		 
Alex Prempeh Kwarteng
GM, Projects
 	
 Adwoa Afriyie Wiafe
GM, Legal & Compliance
 	
 Anthony Kobina Ampofo
GM, Commerce

 Dominic Kwesi Eduah
Executive Director, GNPC Foundation. Mandate
The corporation was established as a state-owned company with the statutory backing of PNDC Laws 64 and 84. The laws mandated the corporation to engage in exploration, production and disposal of petroleum products. The laws also established the legal structure that informed the corporation in contractual agreements between the Government of Ghana and private oil exploration companies. In 1987, the Petroleum Income Tax Law were added to the corporation's mandate to permit it to tax various petroleum products for consumption. The law was the PNDC Law 188. The Objectives of the Ghana National Petroleum Corporation 
Mission: The mission of the Ghana National Petroleum Corporation is to lead the sustainable explorable, development, production and disposal of the petroleum resources of Ghana by leveraging the right mixture of domestic and foreign investment in partnership with the people of Ghana. Vision: The vision is to be leading global oil and gas company, whose operations would have a profound impact on the quality of life of the Ghanaian people. Core Values: The core values of the GNPC are;

- Professionalism

- Reward of Merit

- Respect for Talent

- Team work

- Creativity and Innovation

Functions
Promoting petroleum exploration efforts is one of the corporation's duties. The institution also appraises existing petroleum discoveries, and to ensure that Ghana benefits the most from the development of the country's petroleum resources. The corporation promotes the training of Ghanaians in petroleum-related activities and ensures environmental protection in all petroleum-related activities. Jubilee fields

The corporation announced in 2007 that the Petroleum Agreement signed in 2004 had yielded in the discovery of oil in commercial quantities. Production of crude oil begun in December 2010. The country's oil fields are known as Jubilee fields and is situated at Cape Three Points in the Western region of the country. The corporation has controlling stake in all the oil wells that produce crude oil. In April 2011, GNPC confirmed that it had an initial 10% interest in a new oil discovery at the Paradise prospect offshore Ghana. The discovery was announced in April 2011 by Hess Corporation, a New York based oil company. In June 2011, the corporation lifted 135,675 metric tonnes of Jubilee crude oil from the FPSO Kwame Nkrumah. This represented crude oil on behalf of the Ghana Group, comprising the Government of Ghana (GoG) and GNPC. It represented the first lifting of crude oil from the Jubilee fields. The barrels lifted comprised accumulated government royalties of 37,557 metric tonnes and accumulated GNPC's 13.75 per cent participating interest entitlement of 98,119 metric tonnes. See also

 Ghana Oil Company
 Tema Oil Refinery

References

Oil and gas companies of Ghana
National oil and gas companies
Ministries and Agencies of State of Ghana
Government-owned companies of Ghana
Energy regulatory authorities
Companies established in 1983
1983 establishments in Ghana
Non-renewable resource companies established in 1983
Regulation in Ghana
20th-century establishments in Ghana