JAN 2012 JA Template

You are here: Home News Business Sipa Yankey quits, leaving behind $450m VRA debt

Studio line: 0031 70 7370507

Tuesday, 24 January 2017 15:40

Sipa Yankey quits, leaving behind $450m VRA debt

Written by 
Rate this item
(0 votes)




The Chief Executive Officer (CEO) of the Ghana National Gas Company, Dr. George Sipa-Adjah Yankey, is set to proceed on terminal leave.

The Board of the Company last week approved a request by the CEO to proceed on terminal leave, effective February 1, 2017, and terminating in May 2017.

Corporate Communications Manager of Ghana Gas Alfred Ogbamey said Dr. Yankey leaves behind an inspirational legacy of overseeing the conception, birth and growth of Ghana’s premier natural gas processing company.

“He has led the pioneering of Ghana Gas from its incorporation in July 2011 through its successful implementation of Phase I of the Western Corridor Gas Infrastructure Development Project (WCGIDP), to the processing and supply of ‘First Gas’ to the Volta River Authority (VRA) beginning 1:45 pm, Monday, November 24, 2014,” he said.

Dr Yankey supervised the Construction and Operations phases of the Company, and has served as a board member and CEO of the Company since it was dreamt as a concept and the structures established.

The Company directly employs about 300 people and provides thousands of ancillary jobs in the service, hotelier, marketing, and transport industries, as well as in the delivering and retailing of LPG and Condensates across Ghana.

Under the leadership of the outgoing CEO, Ghana Gas completed the three-tier Ghana Gas project, from conception and design to the construction of a 12-inch 58-kilometre Offshore Pipeline, a 20-inch 111-kilometre Onshore Pipeline and a world class Atuabo Gas Processing Plant (GPP) within a period less than the three-to-four year standard global timeline for such projects.

He oversaw the engineering, design and installation of a second overhead De-ethenizer Compressor which will be connected to Ghana Gas facilities in February 2017.

He also led the negotiation of the upgrade of the processing capacity of the Atuabo Gas Processing Plant (GPP) from 150 million standard cubic feet of gas a day (mmscfd) to 180 mmscfd, construction of the 290 km Offshore Pipeline from Aboadze to Tema and signed the Project Implementation Agreements (PIAs) for both projects in September 2016.

Dr Yankey came into the CEO job at Ghana Gas with a background as a Finance, Trade and Investment Lawyer.

He is a former Minister of Health, a former President of ECOWAS Bank, a former Adjunct Professor at the International Law Institute, Georgetown University, Washington D.C. and a Visiting Instructor at the Law Development Institute in Rome, Italy.

The main challenge he leaves for his successor to tackle is the inability of Ghana Gas’ main downstream off-taker, VRA, to pay over US$450 million debt owed the Company for lean gas supplied to the Aboadze Thermal enclave to generate electricity.

A 2016 first half-year report by the Public Interest and Accountability Committee (PIAC), which projected the debt at about $307 million in June last year, noted that the non-servicing of the debt could impact negatively on domestic natural production.

Source: 3news.com




Read 2584 times


  • Comment Link Herbertrah Sunday, 19 November 2017 03:23 posted by Herbertrah

    el viagra generico sirve
    viagra without a prescription
    fastest way to buy viagra
    viagra without a doctor prescription
    wirkung viagra 100 mg

  • Comment Link Herbertrah Sunday, 19 November 2017 01:23 posted by Herbertrah

    can i purchase viagra online
    viagra without an rx
    how old do you have to be to get prescribed viagra
    viagra without an rx
    l arginine viagra together

  • Comment Link DanaeRox Saturday, 18 November 2017 19:26 posted by DanaeRox

    online slots scams
    queen of the nile slots
    york casino
    no deposit bonus low wagering requirements

  • Comment Link DavidFus Saturday, 18 November 2017 18:55 posted by DavidFus

    viagra pills sale uk
    viagra without a doctor prescription
    buy generic viagra and cialis
    viagra without a doctor visit
    legal buy viagra online ireland

  • Comment Link Richardorina Saturday, 18 November 2017 18:22 posted by Richardorina

    is it legal to order viagra from canadian
    viagra without a doctor's prescription
    viagra online in nz
    viagra without a doctor
    is there pill like viagra for women

  • Comment Link DanaeRox Saturday, 18 November 2017 15:23 posted by DanaeRox

    win real money at online casino slots
    online casino hack software
    online roulette free bonus
    free credit online casino

  • Comment Link DavidFus Saturday, 18 November 2017 11:24 posted by DavidFus

    cialis price compared viagra
    viagra without a doctor's prescription
    buy viagra professional
    viagra without script
    cuanto sale una pastilla de viagra

  • Comment Link Richardorina Saturday, 18 November 2017 10:42 posted by Richardorina

    comprare viagra online senza ricetta
    viagra without a doctor prescription
    genuine viagra prices uk
    viagra without a doctor visit
    viagra doses 200 mg

  • Comment Link SusanBof Saturday, 18 November 2017 04:57 posted by SusanBof

    viagra sales
    where to buy viagra
    viagra india
    viagra online pharmacy
    viagra pill

  • Comment Link WillieBiz Friday, 17 November 2017 04:43 posted by WillieBiz

    buy cialis generic online cheap
    cialis without a doctor prescription
    where to buy cialis in uk
    cialis without doctor
    cialis buy online australia


Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.