Ghana Gas plunged into boardroom wrangling over US$900 million deal

  • Africa
  • July 5, 2024
  • 0 Comments

Reports reaching The Herald, indicate that workers of the Ghana Gas Company are backing their Chief Executive Officer (CEO), Dr Ben Asante, against their board chairman, Kennedy Ohene Agyapong.

This, follows claims that Mr Agyapong, is pushing a multimillion-dollar deal on the institution, and the workers and some board members, fear this could pose criminal issues in the future.

The Herald’s information is that, the development has led to a major boardroom dispute at the Ghana Gas Company over the contract valued at nearly US$900 million.

According to some workers, there was a near physical altercation between Dr Ben Asante and the board chairman, Kennedy Ohene Agyapong, on Wednesday, during a board meeting.

The Assin Central MP, reportedly became furious, slamming his hands on the board table and calling the CEO “stupid,” among other unprintable words.

The CEO, insisted on ensuring that the transaction went through stringent procurement requirements, while Ken Agyapong, sought to bypass certain procedures.

The MP, insisted on pushing the deal through with the CEO’s signature and addressing other matters later, a suggestion Dr Asante rejected, which angered the erratic board chairman.

Most board members, are said to have sided with the CEO, much to the chagrin of Mr Agyapong, who is reportedly set to gain $50 million, if the deal goes through.

The workers’ union is reportedly supporting the CEO in this matter.

More to come!

The post Ghana Gas plunged into boardroom wrangling over US$900 million deal appeared first on The Herald ghana.

  • Related Posts

    No mining lease will exceed 15 years – Law reforms underway

    Source: graphiconline Ghana will no longer grant a mining lease for 30 years to any mining company, Martin Kwaku Ayisi, the Chief Executive Officer (CEO) of the Minerals Commission, Martin…

    DSE grapples with sharp fall as prices, trading plummet

    The domestic market capitalisation fared worse, decreasing 6.14 pc to Sh14.25trRead More

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Nigeria, Brazil sign MoU on Science, Technology, and Innovation to boost jobs, industries 

    Femi Otedola explains why he spent £810,000 on Ferraris for daughters 

    FG launches automotive training center in Ikorodu to advance electric vehicles, technology transfer 

    Silent stocks of the NGX: Five years without dividends  

    Nigeria’s oil output records 9.9% year-on-year surge in July 2025 – NUPRC 

    FCCPC warns Nigerians against fruits forcefully ripened with calcium carbide 

    Tinubu secures Petrobras’ return, signs Nigeria–Brazil agreements to boost trade, energy 

    Nigerian manufacturers to shift 4% import levy costs to consumers, warn of higher inflation 

    Nigeria’s pipelines and terminals’ receipt of crude oil close to 100% – Bashir Ojulari 

    At Maiden African CDS Summit, Tinubu Pushes for New African Defence Doctrine

    Stockbrokers Advocate Urgent Reforms to Grow Nigeria’s $1trn Economy

    Coronation Lists N8.79bn Series I Infrastructure Fund on NGX at N100

    MAGGI Celebrates Women, Culture, Community at August Meeting

    GCS Launches Innovative Crypto Solution for Nigerians

    Nigeria Deports 51 Foreigners Over Cybercrime

    Three Nigerians Jailed in U.S. for Covid-19 Fraud

    Lagos Judiciary Unveils Programme for 2025/2026 Legal Year

    Sharp Practices, DSS and SAN Screening

    Operators Express Divergent Views on New Capital Base for  Insurance Industry

    Oyerinde: FG Should Create a System in Power Sector that Prioritise Industrial, Productive Sectors

    Renaissance Africa Energy Joins International Oil, Gas Producers’ Body 

    Discos Collect N182bn Revenue, Record Shortfall of N55.74bn in One Month 

    Nigeria, Brazil sign air service deal for direct flights

    Nigeria, Brazil sign air service deal for direct flights

    NPA boosts Eastern ports’ operations to drive economic diversification

    NPA boosts Eastern ports’ operations to drive economic diversification

    Nigeria’s oil output rises 9.9% in July – NUPRC

    Nigeria’s oil output rises 9.9% in July – NUPRC

    Nigeria, Brazil seal BASA for direct flights between both countries 

    How Transcorp made N85 billion profit in 6 months of 2025 

    FCTA demolishes more than 1,000 illegal structures in Karsana to open major road corridor 

    JULIUS BERGER, CUTIX lead gainers as All-Share Index posts 0.31% recovery 

    Banking industry report reveals additional N900 billion capital injection expected in the Nigerian banking industry  

    Femi Otedola’s donations exceed N11 billion — see who got what

    Oborevwori urges federal govt to revive four seaports in Delta

    Oborevwori urges federal govt to revive four seaports in Delta

    Lagos Court convicts Sulaiman Gbajabiamila over N31 million property fraud and bank cheque forgery 

    NAFDAC warns against falsified Gold Vision Oxytocin injections with fake registration number in Nigeria 

    NAFDAC alerts public about fake Postinor-2 emergency contraceptive pills in Nigeria 

    U.S. records $576 million trade surplus with Nigeria amid tariff pressures